The Indonesia-Hungary partnership is entering a new phase of economic and technological collaboration, marked by the Hunindo Tech Business Forum 6.0 held in Jakarta on Monday, October 20, 2025. 

The event, co-hosted by the Indonesian Chamber of Commerce and Industry (Kadin) and the Hungarian government, underscored both nations’ commitment to deepening bilateral cooperation in trade, investment, and technology transfer.

Kadin chairman Anindya Bakrie emphasized that the forum serves as a strategic platform to advance bilateral economic relations and support ongoing negotiations between Indonesia and the European Union under the Indonesia–EU Comprehensive Economic Partnership Agreement (IEU–CEPA).

“Hungary has been very progressive in fostering cooperation. The country has strong expertise in water treatment and infrastructure, and technology exports from Hungary to Indonesia continue to grow,” Anindya told Indonesia Business Post.

“We believe Hungary can act as a key moderator in facilitating the smooth ratification of IEU–CEPA within the next year,” he said.

He cited that Hungary’s innovation-driven economy offers significant potential for Indonesia, particularly in technology transfer. “Hungary has a long tradition of technological excellence. Despite our geographical distance, this partnership can bring something valuable to both sides,” Anindya noted.

The forum also coincided with the 70th anniversary of diplomatic relations between Indonesia and Hungary, an occasion that both sides described as a testament to the strength and longevity of their partnership.

Hungary Ambassador to Indonesia, Lilla Karsay, praised the collaboration with Kadin and highlighted the importance of the forum in advancing concrete projects.

“As Mr. Anindya mentioned, the IEU–CEPA marks another milestone after nine years of negotiation. It will open more opportunities, not just between Hungary and Indonesia but also between Indonesia and the broader European Union,” Ambassador Karsay said.

One of the largest ongoing investments between the two countries is a US$300 million project by Roatex Indonesia, a Hungarian technology company, to develop an electronic free-flow multi-lane payment system, one of the country’s most advanced export technologies.

“We are currently in discussions to ensure the sustainability of this investment. The Indonesian government, especially the Minister of Investment, is very pro-investment and is actively working to ensure projects like this can run smoothly, creating jobs and boosting economic activity,” Anindya said.

Legal certainty and regulatory clarity

Anindya underscored that legal certainty and regulatory clarity have improved under President Prabowo Subianto’s administration, creating a more favorable business environment.

“The era of President Prabowo has brought greater confidence. The government’s seriousness in ensuring legal certainty complements its focus on improving the ease of doing business. These two pillars will continue to strengthen Indonesia’s investment climate,” he stated.

The Hunindo Tech Business Forum 6.0 concluded with optimism on both sides, as Hungary reaffirmed its readiness to support Indonesia’s economic transformation agenda including digitalization, infrastructure development, and green technology cooperation.

“We look forward to strengthening cooperation across several sectors,” Ambassador concluded.