news letter Our mobile application

Weekly newsletter

Huawei to Set up R+D Centre in Budapest

MTI-Hungary Today 2020.10.20.

Chinese telecommunications giant Huawei is setting up a research and development centre in Budapest, Minister of Foreign Affairs and Trade Péter Szijjártó said on Tuesday.

The investment, which will create jobs for at least 100 Hungarian engineers, is Huawei’s third in Hungary, Szijjártó said.

Szijjártó said cooperation between Hungary and China was better than ever. The investment represents a milestone in Hungary’s Opening to the East strategy, he added.

The new centre will focus on artificial intelligence, streaming, image processing, signal transmission technologies and extremely large distribution systems, he said. The development project will give the country an opportunity to further boost the reputation of Hungarian engineering skills, he added.

Foreign Minister: Good Cooperation with Huawei National Interest
Foreign Minister: Good Cooperation with Huawei National Interest

Continuing good cooperation with telecoms giant Huawei is a national economic and strategic interest for Hungary, Foreign Minister Péter Szijjártó said on Friday. Szijjártó, who is attending the second Belt and Road international forum in Beijing, held several one-on-one meetings, among others with James Li, Huawei Technologies European regional chairman, and William Wu, head of […]Continue reading

He noted that Huawei was the first Chinese company that Hungary signed a strategic cooperation with seven years ago. Players in the Hungarian telecommunications market have greatly relied on the company’s technologies over the years, he added.

The company’s logistics centre in Hungary is its largest outside China, Szijjártó said. He added that despite the pandemic, Huawei has announced a significant investment in Hungary, and he thanked the company for its donations to anti-pandemic efforts.

US, Chinese Ambassadors to Budapest In Hot-Tempered Argument Over Responsibility for Covid-19
US, Chinese Ambassadors to Budapest In Hot-Tempered Argument Over Responsibility for Covid-19

Over the last week, the American and Chinese ambassadors to Budapest got into a serious debate over China’s responsibility for the Covid-19 pandemic. The representatives of the two superpowers have made serious allegations against one another. Two weeks ago, in an interview with Hungarian public television M1, US Ambassador David Cornstein criticized China, partly blaming […]Continue reading

The Minister said the strategy of opening to the East had resulted in a 22 percent increase in Hungarian exports to the East over ten years and 25 percent growth in trade. Last year, 60 percent of investments, in value terms, in Hungary came from the East and 40 percent of new jobs were linked to such companies.

He said one of the main objectives of the strategy was to develop close, pragmatic cooperation based on mutual benefits with China. Over the past ten years, 5 billion US dollars-worth of Chinese investments have been carried out in Hungary, and Chinese companies employ 15,000 Hungarians, he added.

Szijjártó said it was easy to understand why Hungary was the first EU country to join the Belt and Road initiative. Last year, China was Hungary’s 10th most important trade partner, he added.

Featured photo by Márton Mónus/MTI