Foreign Minister: Huawei Is Helping To Build 5G Network In Hungary

  • 6 Nov 2019 7:04 AM
  • Hungary Matters
Foreign Minister: Huawei Is Helping To Build 5G Network In Hungary
China’s telecom giant Huawei is building a 5G network in Hungary, Péter Szijjártó, the minister of foreign affairs and trade, told an economic forum in Shanghai.

Speaking at the opening day of the second China International Import Expo on digitisation and e-commerce, Szijjártó said whereas Hungary expects companies to comply with its laws and regulations it does not discriminate against them based on nationality.

Huawei will partner with Vodafone and Deutsche Telekom in building the 5G network.

He said Hungary was a digitisation leader in the European Union. The government, he added, sees developing e-commerce as a priority since this presents more development opportunities for SMEs and cuts their costs.

Hungary, he noted, has among the lowest corporate tax rates and offers various subsidies to companies that bring new technologies to the country, especially when it comes to industry 4.0 and the Internet of Things.

Szijjártó noted that Hungary is participating in the expo for the second time and was guest of honour at the first expo. Also, Hungary and China are celebrating the 70th anniversary of the establishment of diplomatic relations this year, he said, adding that Hungary “is proud” to have been among the first to recognise the People’s Republic of China.

He said two countries’ ties were at a historical pinnacle and the development of cooperation was fast-paced. China, the minister noted, is Hungary’s 9th most important trading partner and number one outside the EU.

MTI / KKM Photo: Borsos Mátyás

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

  • Huawei's Economic Influence In Hungary Growing

    Huawei's Economic Influence In Hungary Growing

    • 9 Dec 2020 10:37 AM

    The influence of Huawei Technologies on Hungary’s economy has grown over the past five years, with one-seventh of its European spending taking place in Hungary last year, according to a study by Oxford Economics.