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Preparations underway for 5 SSC projects in Hungary

Analysis

Photo by By Jirsak/Shutterstock.com

Preparations are underway for five shared services center (SSC) projects in Hungary, Minister of Foreign Affairs and Trade Péter Szijjártó said at a conference organised by the Hungarian Investment Promotion Agency (HIPA) and the American Chamber of Commerce (AmCham) on Thursday, according to a report by state news wire MTI.

Szijjártó told the Business Services Hungary 2021 conference that decisions on 14 SSC investments in Hungary were taken in 2019, creating 2,500 jobs. In 2020, nine developments were decided on, supporting the creation of 2,000 jobs, he added.

The minister noted that 156 SSCs operate in Hungary, employing more than 70,000 people. That's a 50% increase over five years earlier, he said. The sector plays an important role in retaining young workers and attracting people working abroad back to Hungary, he added.

He said SSCs employ many people outside of the capital, including 4,500 in Debrecen, 3,600 in Székesfehérvár, 1,400 in Szeged and Miskolc, and 1,250 in Pécs.

Around 40% of Hungary's SSCs provide services globally, he added.

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