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Palkovics: Hungary-Germany ties are key to development of Hungarian industry

László Palkovics said using development opportunities offered by strong ties in car manufacturing and research and development were especially important in the Hungarian economy.

László Palkovics, the technology and industry minister, said the stable ties between Hungary and Germany are key to the development of Hungarian industry.

Speaking in Stuttgart at a memorial dinner in honor of Hungarian-born economist Péter Horváth, a professor emeritus of the Stuttgart University, who passed away in June, Palkovics said using development opportunities offered by strong ties in car manufacturing and research and development were especially important in the Hungarian economy. Successful company leadership is “unimaginable” today without the tools that Horváth was one of the first to introduce, he said. Leaders of Horváth AG, Robert Bosch GmbH, Henkel AG and Kärcher attended the event, as did the mayor of Stuttgart and representatives of German universities.

Photo credit: MTI