If Greece actually does exit the eurozone, the region is not expected to suffer any heavy direct impact. But it is hard to foresee the knock-on effects to Hungary from potential turmoil elsewhere in Europe.
Some 26 years after Hungary played a key role in beginning to dismantle the Berlin Wall, it is planning the first steps to erect its own fence on the Serbian border, to keep illegal immigrants out of the country.
Hundreds of Hungarian taxi drivers hold a June 17 demonstration in downtown Budapest, in an attempt to express their opposition to San Francisco-based ride sharing service Uberʼs operations in the country.
Already a booming business, the phenomenon of SSCs is expected to provide young Hungarians with employment – and to fuel the local office market – even further in the near future. Firms that locate back-office functions here benefit from the local pool of affordable talent.
Service center operator IT Services Hungary, a member of T-Systems and owned by Deutsche Telekom, expects to make at least 400 new hires in Hungary this year, Minister of Foreign Affairs and Trade Péter Szijjártó said at a press conference on June 8.
The Hungarian government and UNICEF signed an agreement to establish UNICEF’s Global Shared Services Center in Budapest, making it the hub of financial and human resource operations, according to a press release sent out on June 15.
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