PM announces plans to build test track for self-driving cars

pixabay

The government will build an automotive test track in Zalaegerszeg, western Hungary, Prime Minister Viktor Orbán announced during the “Car of the Future” conference held at the Budapest University of Technology and Economics today, according to news portal 24.hu.

The test track is a huge investment that will primarily be used for driverless cars, Orbán said, adding that no track of its kind exists within a 500 km radius of Hungary, 24.hu reported.

During the conference, Orbán also announced the governmentʼs plans to reduce the VAT on internet services from 27% to 18% by next year and possibly to 5% at a later date depending on GDP growth, Hungarian news agency MTI reported.

Such a significant cut to the VAT rate would significantly boost the viability of the digital technology sector, the prime minister added, according to MTI.

Art

Hungary Runner-up to London as European Film Production Base

Telco

4iG Group Reports Record Revenue, EBITDA in H1

World

Foreign Ministry Calling on Hungarian Citizens to Leave Lebanon

EU

Magyar Calls for EU Help to Assuage High Food, Energy Prices

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For over 30 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.