BUDAPEST, Nov. 5 (Xinhua) -- Hungary will cooperate with
Chinese telecommunications giant Huawei to build its 5G network,
Hungarian news agency MTI reported on Tuesday, quoting Hungarian
Minister of Foreign Affairs and Trade Peter Szijjarto in a
statement. Szijjarto made the remarks when he spoke at the
second Hongqiao International Economic Forum, a parallel session
of the second China International Import Expo which started in
Shanghai on Tuesday. "Hungary does not discriminate any firms
based on their nationalities. Compliance with local laws and
regulations is the only condition for becoming a business
partner with Hungary," Szijjarto declared. Huawei will work
together with Vodafone and Deutsche Telekom in building the 5G
network in Hungary, said the minister. Hungary is at the front
of digitalization among European Union member states, and the
Hungarian government has placed a great emphasis on developing
e-commerce which opens doors to small and medium-sized
enterprises while cutting costs, Szijjarto added. 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. End item
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