Government’s development targets revealed for American entrepreneurs

Hungary’s government will continue to cultivate high-level cooperation with economic players, the minister of technology and industry told a business forum of the American Chamber of Commerce (AmCham) on Monday.

Forums such as the Artificial Intelligence Coalition, the Hungarian Hydrogen Alliance and the Circular Economic Technology Platform (KGTP) have been set up recently to ensure effective communication, László Palkovics said.

Regarding the ministry of technology and industry, which was set up in May with the inauguration of the fifth Orbán government, Palkovics said it was the largest portfolio. It has launched a reform of R+D+I financing, carrying on with the reform of Hungarian higher education, and it is introducing market-sensitive courses in adult education, he said.

“The government aims for Hungary’s economy to be Hungarian, green and high tech,” Palkovics said. It has launched economic development programmes, and it is ensuring that all companies can access information on the government funding they are eligible for, he said.