Prime Minister Orbán and Deutsche Telekom CEO Höttges have signed a “partnership agreement” and Deutsche Telekom is rumoured to invest one billion Euros in Hungary which would allow Hungary to achieve its goal of providing high-bandwidth Internet-connection for every Hungarian household by 2018, implementing an EU directive two years earlier than Hungary’s original undertaking for the year of 2020.
Orbán mentioned some surprising statistical data: the telecom and IT sector currently produces 12 to 14 percents of Hungary’s GDP and 25% of last year’s GDP growth came from these sectors. When I had a look at the Eurostat site, I have found something even more surprising:
2.6 percents of Hungary’s work force is employed in high-tech manufacturing! Only Ireland has a higher figure, at 3.0%, than this in the EU and the EU average is 1.1%.