Indonesian investment biggest Hungarian tech export so far, says Minister Szijjártó

A 103 billion forint (EUR 287m) electronic road toll system to be built in Indonesia by Hungarian company Roatex will be Hungary’s biggest technology export so far, Péter Szijjártó, the minister of foreign affairs and trade, said in Jakarta on Tuesday.

Szijjártó told a press conference that the project, expected to be completed by 2023, was a “milestone” in Hungary’s foreign economic strategy. He said that 70 percent of the “technology and skills” for the project would be Hungarian.

Indonesia has 2,500 kms of highways, and this is expected to rise to 4,800kms, he added.

He said Indonesia was an important element of Hungary’s strategy of opening up to the East which started 11 years ago. The minister added that there were no unresolved issues to burden bilateral relations.

Talks are under way concerning a 50 million dollar subsidised loan programme under which Hungarian companies would build a meteorological and climate monitoring system in Indonesia, the minister said.

Szijjártó noted that Hungary offered scholarships to Indonesian students, adding that 1,200 were interested in studying at Hungarian universities and colleges this year. Currently 13 Hungarian universities are in cooperation with 23 Indonesian institutions, he said, adding that in view of high demand the Hungarian government was ready to increase the number of scholarships offered.