Oracle to set up development centre in Hungary

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US-based business software and hardware company Oracle is setting up a development centre in Hungary and will raise headcount in the country by 10%, state secretary for foreign affairs and economy Péter Szíjjártó said on Monday.

Oracle's decision confirms that Hungary is a dependable and predictable partner, and that the government's efforts to create an investor-friendly business environment have been successful, Szíjjártó said.
Oracle Hungary managing director Csaba Reményi said the activities of the company in Hungary would be expanded from sales to include an innovative international development function with the establishment of the Oracle Applications Lab.

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