china hungary: Chinese telecom giant Huawei signed an agreement with the University of Szeged on research and development in information technologies, according to Global Times China. ZTE ITS, a subsidiary of another Chinese telecom firm ZTE, engaged in smart transportation, also signed deals with Hungary's GB & Partners and EPS Global on car parking management. Photo Xinhua Companies from China and Hungary on Friday signed several cooperation agreements, as Hungary seeks to strengthen economic and trade ties with China and explore further opportunities under the Belt and Road Initiative BRI . On the sidelines of the Second Belt and Road Forum for International Cooperation BRF which opened in Beijing, a dozen companies signed seven business deals that cover sectors from telecom, aviation to pharmaceuticals. Speaking at a signing ceremony in Beijing, Hungarian Foreign and Trade Minister Peter Szijjarto said that his country welcomes more investments from Chinese companies in the European country and encourages more Hungarian companies to do business in the Chinese market. China and Hungary have seen warm bilateral ties in recent years, with trade and investment steadily rising. As long as the companies follow Hungarian laws and regulations and do not pose a threat to our national security, we welcome them and will treat them fairly, Szijjarto said through a Chinese interpreter, adding that deepening cooperation with China is crucial for Hungary's economic prospect.
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