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Morgan Stanley to expand in Budapest

U.S. securities firm Morgan Stanley will set up its Central and Eastern European Business Processes Service Provider Center in Budapest, in addition to opening an Eastern European research center in the Hungarian capital in April, the daily Népszabadság reported. The research center will hire 25 employees, and the service provider center will employ 400 specialists.

According to the political undersecretary of the Employment and Labor Ministry, the bureau is to assist the American securities firm with professional training subsidies.