Nagy calls for boosting Hungary-Montenegro economic, tourism ties

Nagy and Martinovic discussed the international trends impacting the region’s economy and tourism potential as well as the possible areas for deepening bilateral cooperation, the national economy ministry said in a statement.

Nagy said Montenegro was an important partner for Hungary, noting that bilateral trade turnover came close to 100 million euros in 2023. Hungarian investments in Montenegro reached 314 million euros in 2022, making the Western Balkan country the 21st destination for Hungarian capital that year, he added.

Meanwhile, he welcomed that more than 4,300 Montenegrin tourists spent over 11,000 guest nights in Hungary in the first half of this year, which is a 39 percent increase in the number of tourists and a 42 percent rise in the number of guest nights compared with last year.

The two weekly flights between Budapest and Podgorica, he said, provided a solid basis for developing tourism relations.

Nagy also underscored Hungary’s support for Montenegro’s European Union integration, saying the country was ready for EU membership, which would also be beneficial for the bloc.