Rolls-Royce makes another huge R+D investment in Hungary
Industrial technology company Rolls-Royce is investing 6.9 billion forints (EUR 18.6m) in a research and development project in Hungary, Péter Szijjártó, the minister of foreign affairs and trade, said on Monday.
Rolls-Royce will plan the equipment for the future of transportation at its base in Budapest, including parts for hybrid and electric aircraft and systems based on high-speed generators, Szijjártó said.
The state is providing support of around 1.7 billion forints for the investment, which will create 20 jobs for engineers, he added.
British companies have invested around 6 billion forints in Hungary and provided jobs for over 50,000 people, he noted.
Source: MTI
HU is fast becoming the China of Europe (very cheap labour – even for the Chinese), and especially attractive because we’re in the EU.