Evosoft Hungary EUR 16m investment to create 125 jobs

Evosoft Hungary is investing 5.2 billion forints (EUR 16m) in two projects creating 125 new jobs for highly qualified IT professionals.

At a press conference, Szijjártó said the government had taken a number of measures to boost the country’s competitiveness and promote digital investments, such as introducing Europe’s lowest corporate tax and one of its lowest income taxes.

Evosoft, owned by Siemens, is Hungary’s leading software development company.

One of the two R, D and I development projects, worth 4.5 billion forints, will be in located in Budapest and Miskolc, creating 75 new jobs. The other will be implemented in Miskolc and Szeged, creating 50 new jobs.

Evosoft is getting 1.4 billion forints of non-refundable support from the Hungarian state for the two investments,

the minister noted.

As we wrote on October, US investment manager BlackRock inaugurated an innovation centre in Budapest, read more HERE.

Also, we wrote before, Hungarian government’s 12.3 billion forints (EUR 38.5m) support for BMW’s investment in Debrecen, in eastern Hungary, will reap many times that amount in dividends for Hungary, read more HERE.

Source: MTI