Brand new giga investment announced in Budapest
The number of high value-added investments is growing in Hungary, and R and D spending exceeded HUF 1,000 billion (EUR 2.7 billion) last year, the minister of foreign affairs and trade said on Friday, announcing an investment of German-Japanese machine manufacturer DMG MORI in Budapest.
The HUF 4 billion-investment will be supported by a HUF 870 million government grant, and will create 50 jobs in a research and development project focusing on developing a software for machine manufacturing, Péter Szijjártó said.
Hungary is the third R and D site of DMG MORI, after Germany and Japan, Szijjártó said.
The research and development sector has grown by 15 percent within the last year and has given 1.6 percent of Hungary’s GDP, he said.
The sector now has 4,000 more employees than a year ago, and the number of jobs in R and D is now above 90,000, he said.
German companies continue to be the largest investors in Hungary, and Japan is also in the top ten, he added.
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2 Comments
Is it a real R&D department or just a service/call/administrative center supporting the R&D? Without further info I am not so sure any company would invest in a High Tech research in Hungary, a country from where most highly skilled workforce are considering about moving abroad to find higher paid jobs and where foreigners are not frowned upon.
Would love to hear more details rather than just politicians glorified speeches
How about figuring out basic Internet access in the capital? I live in Bajcsy, opposite the Parliament, but my building can only get the slowest Digi hookup. Budapest, 2023. Come on!