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Jul 08, 2020

Hungarian R and D and I worked well during the coronavirus epidemic

László Palkovics, Minister of Innovation and Technology, said that in 2021, resources for R and D and I will increase by 25 percentage points.

 

László Palkovics, Minister of Innovation and Technology, said Hungarian R and D and I worked well during the coronavirus epidemic, with the submission of more than one hundred proposals, including for the development and production of ventilators.

During an online conference on Tuesday, the minister said that in 2021, resources for R and D and I will increase by 25 percentage points. Palkovics noting as examples an extra HUF 22 billion for the Eötvös Loránd Research Network. Also, he said the operational model for higher education is changing, with science and innovation parks springing up around universities, adding that such parks will play a role in health industry R and D.

László György, state secretary for economic strategy and regulation, said it was hopeful that the Hungarian economy would recover from the crisis caused by the coronavirus. He said the crisis was largely a non-structural problem and the country had successfully protected itself against the virus. Businesses and foreign investors will see this favourably, and a V-shaped recovery similar to China’s is likely, he added.

Photo credit: hirado.hu

György said it also appears that Hungary has developed competitive export capacity, adding that the resumption of production was unlikely to stutter. The security of supplies is regarded as more and more important, he said, commenting on value chains. He also noted that EU development funds would flow into the Hungarian economy at an “unprecedented” level from 2021.