Innovation and Technology Minister László Palkovics signed a long-term letter of intent for partnership with Huawei at a conference organized by the company in Budapest. The agreement with the Chinese technology company covers the digitalization of education, the development of 5G and landline networks, and smart city solutions.

In a press release, Palkovics emphasized that the most important technologies from Hungary’s point of view are digitalization and “green” technologies that improve energy efficiency.

Palkovics believes that battery and energy storage technology will be of crucial importance in the future, and stated that Hungary has set a goal of being Europe’s second largest manufacturer of such technology after Germany. [444]

By Steven