Szijjarto: Hungary aims to be among R and D leaders in Europe

Szijjarto told an event announcing a new investment project by audio-visual products manufacturer Lightware that achieving a change of dimension in the economy required an increase in R and D capacities.

“It is indeed a great achievement that a Hungarian-owned company launched by two university students can be a supplier for the likes os Google, Facebook, Netflix and Microsoft,” he said.

Lightware will expand its R and D hub in Budapest and set up a new engineering service centre in Szeged, in southern Hungary, creating 43 jobs for development engineers.

The government is contributing to the 9 billion forint (EUR 22.8m) development project with 2.4 billion forints of support, Szijjarto said.

He also said that last year total spending on R and D in Hungary was 1,032 billion forints, up 12 percent in one year.