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Hungary and Finland have agreed on cooperation in the space industry

Hungary and Finland have agreed on cooperation in the space research and space industry, as a result of which Hungarian companies and universities will work more closely with their Finnish partners, said Péter Szijjártó, Minister of Foreign Affairs and Trade, in Helsinki on Tuesday.

The Hungarian Foreign Minister signed a memorandum of understanding with Ilona Lundström, Director General of the Finnish Ministry of Economic Affairs and Labor, on co-operation between the two countries in the field of space research and activities

Péter Szijjártó said that such an agreement between Hungary and Finland “could have been a category of jokes for superficial observers a few years ago”, but now the use of outer space has become practically common in modern industry and technology.

Following the agreement closer cooperation on research and development for space exploration, Earth observation and in-vehicle navigation systems; in the field of construction work. Hungarian universities and companies will work with their Finnish partners to ensure that the results of space exploration play the greatest possible role in the rapid restart of the Hungarian economy, he emphasized.

During his official visit, Oy

Reported here that economic cooperation between the two countries has always been active, but thanks to low taxes, a high-quality workforce and the possibility of financial support offered by the government’s investment incentive scheme. further Finnish investments are expected in Hungary in the future, mainly from companies operating in the industry.

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Sandra Loyd
Sandra is the Reporter working for World Weekly News. She loves to learn about the latest news from all around the world and share it with our readers.

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