Hungary is committed to supporting the production of technologies that promote the production and use of green energy, Minister of Economy Marton Nagy said at a high-level meeting about the implementation of the net-zero emissions industry regulation in Brussels.
He added that green re-industrialization could be the main driver of Hungarian economic growth in the next decade, closely linked to the increase of research, development, and innovation performance. Keeping investment rates high, the availability of skilled labour, artificial intelligence, and the use of available modern technologies are key to this.
For the Hungarian Government, it is a national strategic goal to strengthen the supplier position of the domestic industrial SME sector, to nurture and support national champions and to develop industry-related services. The country is committed to significantly increasing green economy production capacities, such as electric car and battery production.
Nagy underlined the need for a technologically neutral approach in the design of national and EU measures and regulations. He noted that support programs targeting small and medium-sized enterprises should be set up to help businesses develop technologically and operate sustainably, in line with the objectives of the Net-Zero Industry Act.
