ADVERTISEMENT

Bosch inaugurates development center in Budapest

Pharma

German engineering and electronics company Bosch yesterday inaugurated its expanded Budapest Development Center, where Bosch has invested HUF 32 bln since 2011, a press release said yesterday. The center is the company’s second largest automotive development center in Europe.

Bosch is seeking to establish its third largest automated transport development center in Hungary, preceded by Stuttgart and Palo Alto, Dirk Hoheisel, member of the board of Robert Bosch GmbH said. He added that Bosch spends 10% of its turnover on research and development.

The companyʼs Budapest-located development center currently employs 1,3000, including 800 engineers, Oliver Schatz, senior vice president of Robert Bosch Kft said. He noted that the company is planning to further expand the campus.

The groupʼs nine subsidiaries employ 10,500 people in five locations in Hungary, with 700 engineers having been hired in the past four years, representative of the Bosch group in Hungary Javier Gonzalez Pareja said. He added that another 700 experts could be employed by the end of this year. He noted that the company increased its R&D spending in Hungary by 26% to HUF 24 bln last year.

At the beginning of this year, Pareja was recognized as the most important foreign CEO in Hungary at a gala which presented the first annual BBJ/HIPA Expat CEO Awards.

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

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.