Oracle to expand Hungarian research base

Conferences

Oracle Corp. is in talks with the Hungarian government to expand its research and service hub in Budapest, the daily Világgazdaság reported, citing Juan Rada, Oracle's senior vice president. Oracle runs a database development center, a government software hub and a services support base in the Hungarian capital and wants to expand its Budapest operations to cover health-care software development, Rada said, according to Világgazdaság. Redwood City, California-based Oracle, the world's third largest software maker, follows companies such as Morgan Stanley, Robert Bosch and Elcoteq, which have pledged similar investments in Hungary in the past six months. The government is luring regional operations of foreign investors with tax incentives and financing support.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

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.