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Minister of Foreign Affairs and Trade Peter Szijjarto announced on Tuesday that the US technology consultancy and development firm HTEC Group will create more than six hundred jobs in four Hungarian cities with an investment of 4.7 billion HUF.
The head of the ministry reported that the company will set up an IT center in Budapest, Szegde, Debrecen and Pécs. With an investment of 700 million forints with state support, a 120-person unit in rural areas and a 250-person unit in the capital will be established as planned.
In his speech, he stressed that the project provides young educated and language-speaking youth with the opportunity to stay not only in Hungary, but also in large rural cities. He also pointed out that these types of investments contribute significantly to changing the dimensions of the Hungarian economy.
Peter Szijjarto asserted that the past twelve years have been an era of crises, all of which have upended the status quo of the global economy.
“Global economic conditions have fundamentally changed, a new global competition has been launched to redistribute capabilities, and competition between countries for investment to create high value-added jobs has intensified.” announced.
Then he noted that the government did everything in its power to make Hungary a success in these competitions, so as not to abandon the policy of tax cuts and a work-based society, even in the midst of the worst crises. As a result, last year was a record year for the economy.”– Tell.
Finally, the minister stressed that the value of bilateral trade between the United States and Hungary rose by 21 percent last year to more than $7 billion, a new high of nearly $4 billion.
He added that American companies constitute the largest investment community in Hungary outside the European Union, employing 100-105 thousand people.
