Budapest, January 25 (MTI) – US-based investment management company BlackRock is setting up an innovation centre in Budapest, creating 500 jobs, Péter Szijjártó, the minister of foreign affairs and trade, said on Wednesday.

BlackRock’s innovation centre will deal with product development and the management of client data, as well as creative marketing.

BlackRock managing director Patrick Olson said the company had picked Budapest for the centre because of the local education system, quality of infrastructure, security, quality of life and the government’s commitment to the endeavour.

The government is awarding the company 280 million forints (EUR 900,000) in training support for new hires.

Source: MTI

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