Hungary’s Ministry of Technology enters MoUs with Huawei, China’s Ministry of Technology

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Huawei Technologies is a leading global provider of information and communications technology infrastructure and smart devices, and China’s largest private company. In 2013 it was the first Chinese company to sign a strategic partnership agreement with the Hungarian government. Huawei provides jobs for more than 2,000 people in Hungary, and its largest supply centre outside China (for manufacture and logistics) is in Hungary.

Over the past five years Huawei’s Hungarian subsidiary has paid HUF 40 billion in taxes into Hungary’s public finances – HUF 17 billion of this last year, when its sales amounted to HUF 57 billion. Huawei is also one of Hungary’s largest payers of customs duty. According to the company’s own publicity, it is active in 170 countries and had global sales of USD 92 billion in 2017, which are likely to reach USD 100 billion this year.

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Hungary’s Minister of Innovation and Technology Laszlo Palkovics signed two cooperation agreements in Shanghai with Huawei Technologies Regional president James Li and China’s Minister of Industry and Information Technology, Miao Wei. Under the terms of the first MoU, Huawei will continue to help build broadband in Hungary in the next few years. In the second MoU, the signatories recognised the key role of innovation policy in the successful development and prosperity of Hungary and China.
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