Finnish firms eye investment in Hungary
wikimedia commons
Several Finnish companies are considering setting up research and development centers in Hungary, Petri Tuomi-Nikula, Finlandʼs ambassador in Budapest, told Hungarian daily Magyar Hírlap in an interview published today.
The ambassador told the paper that Finnish companies are continuously seeking opportunities to bring production to Hungary or to enter the market here. He recalled that one of the most important R&D centers of Finnish telecom giant Nokia is located in Hungary, employing 1,500 people. The headcount is expected to further rise, according to Tuomi-Nikula.
The ambassador said he expects Finnish companies to play an important role in the energy and electromobility sectors in Hungary. He added that Finland’s Pyhäjoki nuclear power plant, which is currently undergoing construction, has the same structure as the planned upgrade of Hungary’s sole nuclear power plant in Paks, which also creates conditions for cooperation.
Tuomi-Nikula added that demand in Finland to make investments in Hungary is strong.
Finnish companies have invested more than €1 bln in Hungary to date, news agency MTI noted, adding that among the biggest are Konecranes, Scanfil and Lindström.
ADVERTISEMENT
Karotin Developing Soil Management System in HUF 545 mln R&D...
Parliament Negates Mandatory Membership in MOK
Graphisoft Introduces Archicad Collaborate
Meet the Expat CEO of the Year Nominees
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.
