Szijjártó calls for new phase in Hungarian economic development

Budapest, September 27 (MTI) – A new phase driven by research, development and innovation needs to take hold in Hungary with a view to attracting industries to its next destination in economic development, Péter Szijjártó, the foreign minister, told a conference on Tuesday.

The government is committed to helping companies adopt new technologies and build a higher value-added economy. It will introduce new incentives for businesses promoting investments early next year, he said.

“The world economy is going through major changes,” he said. “We live in the digital age, which means that many companies are undergoing major technological changes.”

“This is why, from next year, there will be new elements in the Hungarian investment-incentives system which will primarily support companies operating in Hungary that carry out technological transformations so that they can remain competitive amid these new circumstances…” he said.