(Photo: LaMography/Moni Lazar)

Under a cooperation agreement the two parties signed, they are foreseen to jointly apply for funding at state, EU or other tenders to carry out projects in fields of mutual interest, Hungarian news agency MTI reported.

University representatives will keep Richter informed about their R&D activities, and if the company finds something of scientific or business interest in any of them, the two parties will negotiate to launch further specific cooperation projects, MTI added.