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Nov 05, 2019

Huawei is building a 5G network in Hungary

The Foreign Minister said Hungary expects companies to comply with its laws and regulations, but it does not discriminate against them based on nationality.

The Foreign Minister has revealed that China’s telecom giant Huawei is building a 5G network in Hungary.

During his speech at the China International Import Expo on digitization and e-commerce forum in Shanghai, Péter Szijjártó, Minister of Foreign Affairs and Trade, said Hungary expects companies to comply with its laws and regulations, but it does not discriminate against them based on nationality.

According to MTI, Huawei will partner with Vodafone and Deutsche Telekom in building the 5G network. The minister said Hungary was a digitization leader in the European Union and the government sees developing e-commerce as a priority since this presents more development opportunities for SMEs and cuts their costs.

The minister added that Hungary has some of 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.

Minister Szijjártó noted that Hungary and China are celebrating the 70th anniversary of the establishment of diplomatic relations this year, adding that Hungary “is proud” to have been among the first to recognize the People’s Republic of China.

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

Photo credit: 444.hu