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It is our fundamental national economic interest that as many investments in software development as possible come to Hungary, so the government is doing everything possible to ensure the necessary conditions for this – said Minister of Foreign Affairs and Trade Peter Szijjarto on Monday in Budapest.
According to the ministry’s statement, the head of the department informed about the investment announcement by the state of Delaware, which has a Belgian royal background, that
The IT consulting company has opened an office in Debrecen in addition to its headquarters in Budapest. The state supports the 2.7 billion HUF project with nearly 600 million HUF, contributing to the creation of seventy new jobs in the first round.
As a result of this investment, he said, many young people will get long-term job opportunities and thus be able to use their international experience in Hungary, as there are more and more job opportunities that can offer an alternative to relocation. Abroad in terms of salary, prestige, diversity of work and technological development.
This sector plays a particularly important role in maintaining young Hungarians who are well educated, speak languages, and can easily find work abroad.
pointed at it.
He said that a large international competition is taking place in Delaware specifically for high value-added investment, and the win clearly shows the competitiveness of our country.
This decision also clearly shows that investments with high added value, specifically aimed at intellectual creativity, have a place in rural Hungary as well. Especially in places where the university produces more educated people by the thousands
– He thought.
Péter Szijjártó states that the coronavirus pandemic has pushed in-person presence to the background, highlighted the vulnerability of supply chains between points that are physically far from each other, and thus greatly increased the value of digitization.
Source: MTI / Zoltán Máthe
“One of the effects of the wild period left behind is that a large part of economic processes and work in general – to the taste of some people, I am one of them, many of them – has been transferred to the digital space, where neither organizational nor economic management depends, the operation of processes does not It depends not only on individual skills, but also on the quality of digital solutions.
“Hungary has been sensitively affected by the changes, given that the difficulties of the past years have coincided with the process we describe here as changing the dimensions of the economy, when we are increasingly moving from Made in Hungary to Invented in Hungary,” he said.
Highlighted:
The national economy can be truly successful in the long term, as the operation of companies and production is supported by the latest digital solutions and information technology, as new corporate management systems are developed and implemented faster.
“That is why it is in the fundamental national economic interest of Hungary to bring in as many investments as possible in software development and business application development,” he declared.
The minister stated that great efforts have been made to ensure the necessary conditions for this, as the 5G network is being developed, and the goal is to expand Internet access to 90 percent, and the lowest taxes in Europe also help employment in sectors that produce high added value.
He indicated that last year the state supported twenty investments that created jobs with a particularly high added value, which led to the creation of a total of 2,500 such jobs.
He emphasized that in Brainhub’s ranking, Hungary ranks fifth in IT developer knowledge comparison, while in terms of population, it ranks 95th globally.
He also pointed out that the information technology services sector today employs 175,000 people, and the value of the sector’s production exceeded 3,600 billion Swiss francs in 2022 after an increase of 10 percent, setting a record, and the momentum seems to be continuing this year as well.
