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Hungary and Finland have agreed to cooperate in the space industry

Hungarian companies and universities will work more closely with their Finnish partners.

Minister of Foreign Affairs and Trade Péter Szijjártó signed a memorandum of understanding with Ilona Lundström, Director General of the Finnish Ministry of Economic Affairs and Labor, on a cooperation between the two countries in the field of space research and activities in Helsinki.

Péter Szijjártó said that such an agreement between Hungary and Finland would have been unthinkable a few years ago, but today, outer space has become a common topic in modern industry and technology.

The agreement will strengthen cooperation in space research, Earth observation and development work on in-vehicle navigation systems.

Hungarian universities and companies will also work with their Finnish partners to ensure that the results of space exploration play a greater role in the rapid restart of the Hungarian economy, he emphasized.

During his official visit, Szijjártó had talks with Jani Hamaline, the managing director of Teknikum Group. Due to Hungary’s low taxes and high-quality labor, as well as the possibility of financial support offered by the government’s investment incentive scheme, further Finnish investments are expected in Hungary, the minister said. 

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