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NEC to establish regional headquarters in Budapest

Japanese IT company NEC will establish its Eastern European headquarters in Budapest, creating 70 new workplaces, the Hungarian Investment and Trade Development Agency told MTI.

NEC will spend HUF 303 million to expand its current base in Budapest, transforming it into a headquarters.

NEC sees Eastern Europe and Russia as its two fastest-growing markets. It will concentrate first of all on digital broadcasting developments in the regions.

“We know that economic growth in Eastern Europe will slow, but we are also certain that demand will remain strong for innovative, first-class telecommunications and IT solutions,” said NEC director for Eastern Europe Tour Koishi.

ITD Hungary has brought some HUF 52 billion in investments to Hungary so far this year. The investments have result in the creation of 2,295 new jobs. (MTI – Econews)