Thursday, 19 September 2019 | News today: 0

Hungary shares experiences with Macedonia on promotion of traditional products

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Macedonia and Hungary are registering an upward trend in their business cooperation, which can be bolstered through direct investments, joint projects, sharing of information and joint promotion on third markets, it was noted Wednesday at a conference in Skopje.

Hungarikum, a system uniting and promoting original Hungarian products and services, is being presented at the conference.

It covers 60 Hungarian national values, unique products as well as notable individuals who have left their mark in the history of Hungary.

“Today’s conference aims at presenting positive examples and allowing exchange of experiences and paving the way for business cooperation between companies in Macedonia and Hungary having in mind promotion of traditional products and services both on local and international markets,” said Aleksandar Zarkov, operating director of the Association of Chambers of Commerce of Macedonia.

He noted that the joint initiative to organize the conference stemmed from already established activities of the Alliance to promote Macedonian companies known for creating a business identity and promoting successfully Macedonian quality products at home and abroad.

“This is an excellent opportunity for us to create added value, to use experiences and to promote ourselves with joined forces on third markets,” noted Zarkov.

Deputy State Secretary of the Ministry of Agriculture of Hungary Loránd István Szakáli and Hungarian Ambassador to Macedonia László Dux praised the favorable cooperation between the countries and the progress made in political and economic relations.

According to data of the Hungarian statistical office, the two countries reached the pinnacle in trade in 2014 and 2015. The positive trend is resuming this year with export of Hungarian goods rising 20%. Macedonia has exported goods by more than 160%, it was noted at the conference.

Trade between Macedonia and Hungary is estimated at EUR 100 million per year. This figure has been already achieved in the first eight months of 2016 meaning there is room for improvement by the year’s end.