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.

ADVERTISEMENT

Surplus of External Trade in Services at EUR 2.69 bln in Q3 Trade

Surplus of External Trade in Services at EUR 2.69 bln in Q3

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Industrial Producer Prices in Hungary up 41.7% y.o.y. in Oct... Manufacturing

Industrial Producer Prices in Hungary up 41.7% y.o.y. in Oct...

Hard Rock Hotel Opens 'Star Chalet' for Winter Season Hotels

Hard Rock Hotel Opens 'Star Chalet' for Winter Season

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.