In 2021, South Korea was the largest investor in Hungary with HUF 1,000 billion (EUR 2.5 billion) worth of investments.Continue reading
The Ministry of National Economy will launch the Industry 4.0 truck this year in cooperation with Neumann János Nonprofit Ltd., to organize a national roadshow on artificial intelligence (AI), and implement a voucher program to help businesses introduce AI applications in a subsidized way.
During a conference that focused on the role of European Digital Innovation Hubs (EDIHs) in economic development, Deputy Secretary of State Szabolcs Szolnoki emphasized the importance of ensuring the availability of digital technologies to as many actors as possible by involving EDIHs. He highlighted the objective for Hungarian EDIHs to assess the digital maturity of 1,500 SMEs (Small and Mid Enterprises) and provide technical training, business development, and engineering consultancy for 300 individuals.
Deputy Secretary of State Szabolcs Szolnoki. Photo: MTI / Soós Lajos
Furthermore, Szolnoki outlined the ministry’s priority to develop the regulatory environment for Industry 4.0, 5G, AI, and drones.
He mentioned that strategies for AI and drones, among others, are under preparation and renewal, aiming for a regulatory framework that fosters market growth while ensuring safety.
In terms of 5G networks, the goal is to facilitate the rollout of private networks, he noted.
Regarding the new industrial strategy, Mr. Szolnoki emphasized its focus on automotive, food, health, ICT (Information and Communication Technology), and creative industries, with pillars including supplier development, the cultivation of “Hungarian champions,” and the promotion of technological excellence, sustainability, and supply security. He underscored the pivotal role of digitalization in this strategy.
As an example, he cited a recently closed tender that provided non-refundable grants exceeding HUF 30B (EUR 76.2M) to Hungarian food industry suppliers for technological advancements, benefiting nearly 80 Hungarian suppliers.
Via MTI; Featured Image: Pixabay