Germany’s Economics and Energy Minister Peter Altmaier and Serbian President Aleksandar Vucic agreed on Tuesday on an administrative partnership for the purpose of improving areas of mutual cooperation and forging stronger ties between Serbia and the EU’s internal market, the German government has announced.
Altmaier said after a video conference with Vucic that the administrative partnership between his ministry and the office of the Serbian president pertained to strengthening supply chains, sustainable future investment and deeper cooperation in achieving the objectives of the EU Green Agreement.
The minister stressed that the two sides would work on creating “sustainable economic cooperation structures, which are more important now during the coronavirus pandemic than ever before”.
German companies had invested more than €2.53 billion in Serbia in the past year which made Germany one of the top investors in Serbia, the minister added.
Vucic stressed that the Serbian economy was an important motor for the economies of the Western Balkans. The president also noted that German-Serbian economic relations had been developing dynamically before the world was hit by a global economic crisis caused by the coronavirus pandemic.