IBM plans HUF 3.2 expansion at Székesfehérvár service center

Pharma

IBM is planning to expand its IT service center in Székesfehérvár through an investment of HUF 3.2 billion, the Hungarian Investment Promotion Agency (HIPA) announced yesterday.

The investment, which is being supported with a grant of HUF 1.1 bln from the Hungarian government, is expected to create 410 new jobs in the center, foreign minister Péter Szijjártó said yesterday, according to Hungarian news agency MTI.

IBM will provide IT, procurement, laboratory and education services at the base, serving more than 300 western European companies, the minister said. He added that 40% of the new workforce will be highly qualified employees, MTI reported.

Commenting on the U.S.-Hungarian economic relationships, Szijjártó noted that more than 600 U.S.-based countries operate in Hungary, employing more than 100,000 people here. The combined value of their investments in the country is more than USD 9 bln, he added.

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