Hungarian government, NNG ink ‘strategic cooperation’

Conferences

The Hungarian government and Hungarian-founded navigation software developer NNG yesterday signed a “strategic cooperation agreement”, under which the company will remain committed to continuing development in the country, according to a press statement issued by the Hungarian Promotion Investment Agency (HIPA).

The agreement is the 66th such the Hungarian government has signed, and the company that develops iGO navigation used by millions around the world is the first strategic partner the government recruited this year. 

The company founded in 2004 has been expanding its workforce by approximately 20% every year since 2013. Currently the company employs a staff of approximately 900 in 12 offices and four representations around the world, including China, Japan, the United States and Australia.

NNG’s products are available in more than 190 countries, in 50 different languages. There are more than 20 million devices using iGO Navigation, and in the coming years, the software will be installed in more than 30 million vehicles of 30 global car brands.

Notwithstanding the global presence, the management of NNG remains firmly committed to keeping development and the companyʼs central activity in Hungary. The opening of its new development center last year in Szeged supports this commitment.

ADVERTISEMENT

Hungary's largest toy retailer joins eMAG Marketplace Retail

Hungary's largest toy retailer joins eMAG Marketplace

Number of livestock farms in Hungary falls Land

Number of livestock farms in Hungary falls

Gen gov't deficit over HUF 1.144 tln at end-March Government

Gen gov't deficit over HUF 1.144 tln at end-March

Budapest aims to host EURO 2020 matches at full capacity In Budapest

Budapest aims to host EURO 2020 matches at full capacity

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.