ADVERTISEMENT

NI Hungary opens HUF 5.5 bln expansion

Pharma

The local unit of U.S. measurement and automation company National Instruments has inaugurated a new building at its service center in Debrecen (230 km east of Budapest), state news wire MTI reports.

The HUF 5.5 billion investment, creating 216 workplaces, received HUF 2.5 bln of government funding, Minister of Foreign Affairs and Trade Peter Szijjártó said at the event.

NI CEO Alex Davern said the 6,000 sqm office building will have a minimal effect on the environment and its energy usage and maintenance requirements meet the strictest American environmental protection standards.

According to public records, NI Hungary had USD 650 million net revenue in 2018, MTI adds.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic 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.