On the Hungarian side, the agreement was signed by National Economy Minister Márton Nagy, who is responsible for the development of the country’s space industry. The agreement is intended to deepen scientific and strategic cooperation between the two countries and is part of a broader trend of strengthening Israel’s ties with key players on the international stage.

According to the Ministry of Innovation, Science and Technology, this is the second space-related agreement Israel has signed this year, following the memorandum of understanding with Azerbaijan in April 2025. The agreement sets out a legal and programmatic framework for cooperation in areas such as satellites, Earth observation, robotics, and science education. It includes exchanges of knowledge and experts, the organization of conferences and workshops, and the establishment of a joint steering committee to oversee its implementation.

The background to the agreement is linked to recent developments in Hungary, where in November 2024 the communications company 4iG announced the HUSAT program – the largest private satellite project in Hungary and Central-Eastern Europe.