Business infrastructure

Hungarian government aims to make industry Hungarian, green and high-tech

The government has a high level of engagement with industry.

At the business forum of the American Chamber of Commerce (AmCham), Minister of Industry and Technology László Palkovics mentioned the establishment of the Artificial Intelligence Coalition, the Hungarian Hydrogen Association, and the latest one, the Circular Economy Technology Platform. These professional forums provide an opportunity for effective consultation. The Ministry of Technology and Industry is the ministry with the largest and most responsibilities, he added.  

He said that funding and operations in the field of innovation and R&D have been renewed. A change of model for universities has started, and the funding and support system has become much more efficient, according to the experience gained so far. Equally important, he said, was the reform of the vocational training system and the introduction of market-oriented training in adult education.

Economic development programs have been launched, and the Vali business information portal has been set up, where businesses can get up-to-date information. He added that the portal would help entrepreneurs to easily find the subsidies and state loans available to them.

On transport policy, he highlighted the launch of the integrated public transport system and stressed that 20 percent of the country’s expressway network was built between 2018 and 2022.

Meanwhile, railway development is a priority, with the modernization of the railway network and the development of the Budapest-Belgrade railway line.

Among the measures taken, he highlighted the climate action plan to meet the challenges of the future. To strengthen the country’s energy sovereignty, some €16 billion of investment is needed by 2030, with 25 sub-sector projects being developed, he said.

Palkovics said that the technological and industrial policy reforms started in the previous four years would be continued. 

Among the main objectives are improving productivity competitiveness; sustainable high value-added technological and industrial development; stable, affordable and sustainable energy supply; and full employment to support economic growth. Capacities in the defense industry will be strengthened. The country has a European automotive test center, the ZalaZONE automotive test track, the first two phases of which have been completed with the third still in the preparatory phase, Palkovics said.

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