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Gov't adopts Smart Specialization Strategy

Government

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The National Smart Specialization Strategy adopted by the government for the period 2021-2027 is aimed at supporting and enhancing the productivity of small and medium-sized enterprises, the Innovation and Technology Ministry said on Wednesday, according to a report by state news wire MTI.

The strategy identifies priority areas of support including agriculture and food production, health care, digitalization of the economy, creative industries, energy efficiency, services, and cutting-edge technologies, the ministry said in a statement.

Continued support must be provided to ensure a stable operation of SMEs, which employ more than two-thirds of Hungarian workers, the ministry said.

"We are working to make Hungary one of the major innovators in Europe by 2030 by increasing the efficiency of the corporate sector," the statement quoted state secretary for higher education, vocational training, and innovation József Bódis.

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