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Daily News Hungary Daily News Hungary · 16/06/2021

New research centre to be set up in Budapest

Budapest innovation investment Japan Ministry of Foreign Affairs research
SZIJJÁRTÓ Péter

Photo: MTI/Szigetváry Zsolt

Japanese-owned DMG MORI and the German HEITEC software development companies are setting up a research centre in Budapest, creating 55 high value-added jobs in the process, Péter Szijjártó, the minister of foreign affairs and trade, said on Wednesday.

The 4 billion forint investment (EUR 11.4m) will be supported with a one billion forint government grant, Szijjártó said.

  • V4-Japan cooperation could contribute to post-pandemic boom, says foreign minister

The software developed in the centre will help digitalise machine manufacturing, Szijjártó added.

The minister noted that Hungary allocated a record 182 billion forints to research, development and innovation in 2021.

“Sites developing technological solutions for a new era will draw economic and production capacities. Growing research and development investments will definitely draw new investment to the country,” Szijjártó said.

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Budapest innovation investment Japan Ministry of Foreign Affairs research
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Daily News Hungary
Daily News Hungary

1 Comment

  1. Maria Von Theresa says:
    16/06/2021 at 21:08

    Well Done!!!! Japan should be a great trading partner.

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