The Hungarian government has approved an agreement with Israel to produce a joint communication satellite.
The first Israeli-Hungarian satellite, which will not be completed until 1998, will be made by Israel Aircraft Industries Ltd. and by the firm Antenna Hungaria, according to the pact, which was endorsed April 27.
The Israeli firm, which will be involved in the technology and building of the satellite, has a 50 percent share in the joint venture, which was based in Hungary.
It has been speculated that the satellite will be called CERES, a acronym for Central European Satellite.
Hungary will four channels from the satellite, which will have a total of 16 channels. The remaining channels will be sold internationally.
In the past, some deals in Hungary excluded Israeli firms, mostly because of anti-Semitism.
Israel has cooperated with other countires in satellite projects.
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