Budapest, May 14 (MTI) – Finland’s Nokia is investing 3 billion forints (EUR 9.8m) at its research and development centre in Budapest, company and government officials announced on Wednesday.
As a result of the investment, headcount will rise by 150 to almost 1,400, said foreign affairs and trade state secretary Peter Szijjarto. The state is supporting the investment with a 211 million forint grant, he added.
Nokia Networks managing director for Hungary Robert Esik said the company had promised to keep the new jobs for at least five years.
Budapest is one of Nokia’s biggest global technology centres, and its role will be strengthened in future, he added.