Linde Gáz Magyarország to establish a digital R&D center in Budapest

Despite the epidemic, the change in the dimension of the Hungarian economy has continued to accelerate, Minister of Foreign Affairs and Trade Péter Szijjártó said at the event.

Linde Gáz Magyarország Zrt.’s digital R&D center facility in Budapest aims to provide solutions to make manufacturing plants both sustainable and profitable. The government supported the HUF 5 billion project with HUF 970 million. The German-owned company will hire 25 university graduates in the first round.

Minister of Foreign Affairs and Trade Péter Szijjártó said that 2020 and in some respects 2021 have become the “year of the big slowdown” for the global economy, according to MTI. Szijjártó pointed out that it was the government’s task to avoid this and make Hungary one of the winners of the new global economic era.

He added that they had succeeded in doing this so far by reaching agreements with large international companies to expand their capacities, especially in the field of research and development. As a result, he said, the change in the dimension of the economy had not only not slowed down, but had even accelerated.

In 2020, R&D spending in Hungary was HUF 770 billion, 10 percent higher than in 2019, and more than three-quarters of this was spent by companies. The latter is a good sign that the private sector is also confident in the Hungarian investment environment, the minister underlined.

Szijjártó said that according to evaluations, Hungary is the 34th most-innovative economy in the world, but the government would like to make even more progress here in order to pursue partnerships with large international companies.

Linde Gáz Magyarország Zrt. was founded in 1992 and currently has 10 branches and almost 100 sales partners nationwide. The company is involved in the specialized storage and transport of the Pfizer/BioNTech’s coronavirus vaccine to vaccination sites and is therefore playing a prominent role in the fight against the epidemic.

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