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Hungarian R&D spending to reach 3% of GDP by 2030

Innovation

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The Hungarian government is supporting R&D activities with several measures, the main goal of which is to reach 3% of GDP by 2030, said Péter Szijjártó, Minister of Foreign Affairs and Trade, at the World Intellectual Property Organization (WIPO) meeting in Geneva, according to portfolio.hu.

In his speech, the foreign minister reported that the coronavirus epidemic has provided many lessons for the world and demonstrated the importance of innovation.

In this regard, he thanked the research and medical community for developing vaccines in such a short time. Szijjártó noted that vaccines are the only solution to the health dimension of the crisis, so the international community must be able to vaccinate the world's entire population, meaning that successful defense is now primarily a matter of capacity.

He added that Hungary is therefore building its own vaccine factory and hopes other countries are doing the same.

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