Hungary’s robust health industry is thanks to international companies conducting research in cooperation with Hungarian experts, Péter Szijjártó, the minister of foreign affairs and trade, said on Thursday.
Varian Medical, a manufacturer of radiation therapy equipment and sofware, is adding HUF 2.7 billion (€ 7.8 million) of developments to its R+D centre in Budapest, Szijjártó noted.
The government is supporting the investment, which will create 30 new jobs, with a HUF 500 million grant (€ 1.42 million), he said.
US-based Varian Medical Systems employs 300 people in Hungary, he noted.
The new project is “another victory in the global investment race”, which is key to economic growth, he said.