According to the paper, the company is planning to upgrade its regional manufacturing and distribution center in the country. The multibillion forint investment is set to create hundreds of jobs. Senior government officials have already conducted talks on the matter with the company last autumn.
Huawei declined to confirm the report saying there is yet to be a final decision on going forward with the project. Other sources, however, said that bilateral negotiations have been concluded and an official announcement is coming in a matter of days.
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