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Hungarian Innovation and Technology Minister László Palkovics and Chinese Minister of Commerce Wang Wentao have signed memoranda of understanding on cooperation to accelerate the transition to a digital economy and advance green developments, the Innovation and Technology Ministry said on Friday.
China initiated the signing of similar agreements with 50 countries after a consensus was reached at the China-CEE summit in February on working to expand cooperation in the areas of digital and green economy. Hungary was the first to sign MoUs covering both areas.
Under the agreements, the sides will work together to speed up the digital transition in all branches of the economy, through the adoption of new business forms and models, digital skills in education and digital technology in innovation. Mutually advantageous cooperation will be established and deepened in the areas of
green economy and clean energy,