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Gov't, market players draw up action plan for IT, infocommunications sector

The government and market players have drawn up an action plan for development of Hungary's IT and infocommunications-technology sector, Economy Minister István Varga said at a press conference in Budapest on Friday.

The action plan targets about HUF 70 billion, mostly European Union funding, to achieve its aims.

János Keresztesi, chairman of IT and infocommunications-technology sector trade association IVSZ, said the execution of the 2- to 3-year action plan would require a cooperation between private sector and government organizations. The next government will also have to support the plan if it is to achieve its goals, he added.

The action plan aims to develop training programs and R+D, as well as support investments and attract foreign investment.

The government earlier approved action plans for developing the country's automotive, logistics and biotechnology sectors.

Hungary's IT and infocommunications-technology sector generates 15% of the country's GDP. About 60,000 people work in the sector. (MTI-Econews)