American BlackRock inaugurates innovation centre in Budapest

US investment manager BlackRock inaugurated an innovation centre in Budapest on Thursday.

Rachel Lord, BlackRock’s head of Europe, Middle East and Africa, said

the company’s Budapest office employing 450 people is its second largest in Europe.

Minister of Foreign Affairs and Trade Péter Szijjártó praised the company for employing Hungarian professionals to develop its financial and business technology, its marketing strategy and its client data management system.

The investment project has contributed to making centres of innovation, service and excellence become the second most important sector in Hungary after the car industry, he said. The BlackRock investment project also proves that international investors view Hungary as a prime location, he added. Companies providing the highest value-added and using state-of-the-art technologies find the environment is beneficial not only for production but also for high-level development, he added.

BlackRock’s Budapest centre offers competitive work opportunities, even compared to London, and this may encourage highly skilled Hungarian workers to return home, Szijjártó said.

Work opportunities available in Hungary will be presented in London and New York with the participation of BlackRock and others this year, he added.

As we wrote two weeks ago, Foreign Minister Szijjártó has signed an agreement with US turbocharger manufacturer BorgWarner in New York, read more HERE.

Also, we wrote a few weeks ago, automotive industry manufacturer Ford has opened a new service center in Budapest, read more HERE.

Photo: MTI

Source: MTI