Business infrastructure

Hungarian government seeks digital transformation of the economy

Starting this autumn, a new tender will encourage innovative collaborations between Hungarian and Saxon companies.

Digitization, hydrogen technology and the circular economy were the main topics at the latest meeting between László Palkovics, Minister of Innovation and Technology of Hungary, and Thomas Schmidt, Minister for Regional Development of Saxony. 

The ministers agreed that bilateral relations should be deepened in the cooperation of small and medium-sized enterprises and higher education, as well as in the development of electromobility.

Palkovics emphasized that the Hungarian government’s main policy goal is to make Hungary one of the leading countries in Europe in the field of digital services and the digital transformation of the economy. 

He pointed out that the development of 5G networks can lay the foundation for Hungary to be at the forefront of the world in 5G applications. He also mentioned the large-scale supercomputer development program launched by the Ministry of Innovation and Technology, which aims to expand capacities of the national HPC (High Performance Computing) center by the beginning of 2022.

Digitalization must also play a key role in making the electricity system climate-friendly. According to the Hungarian government, the utilization of all clean energy sources and technologies should be considered in achieving the goal of carbon neutrality by 2050. 

Palkovics additionally drew attention to the need to exploit the potential of nuclear energy for hydrogen production and the development of the National Energy Strategy presented at the beginning of 2020, under which a national hydrogen concept is being developed. 

The latter aims to help balance renewable energy production and provide an opportunity to decarbonize many sectors, including the iron and steel industry, the cement industry and long-distance freight transport. 

The minister highlighted that the government also prepared a National Waste Management Strategy to improve the domestic waste management sector and to ensure the fulfillment of sustainability goals. The introduction of complex measures necessary for the move towards a circular economy is underway. 

At the meeting, a cooperation of technical higher education institutions in Budapest and Dresden was also proposed to define common research topics. It was stated that the Hungarian-Saxon bilateral call for the EUREKA program, which strengthens the international competitiveness of innovative enterprises, is expected to be announced this autumn.

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