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Vodafone signs on giant investment

Premier Ferenc Gyurcsány and John Bond, the director of the Vodafone-group, signed an agreement yesterday about the mobile giant moving its international financial service center into Hungary.

The new center will employ 746 highly qualified experts. Several countries of the region competed for the investment, and Hungary has been chosen thanks to warm support from the government, and a well trained workforce. The Hungarian state contributes to the Ft 9 billion (48.7 million) cost of the Vodafone investment with a Ft 1.3 billion (7 million) subsidy. The center will handle and processes the financial transactions for subsidiaries in 18 countries. (Napi Gazdaság, Magyar Hirlap)