The past twelve years have been a real success story for the business services sector

The past twelve years have been a real success story for the business services sector

Peter Szijjarto, Minister of Foreign Affairs and Trade, emphasized on Monday at Sixfervar that the past twelve years have been a real success story for the Hungarian business services sector, which is now playing an increasingly important role in international comparisons.

According to the ministry’s announcement, the head of the ministry announced at the 25th anniversary ceremony of IT infrastructure provider Kyndryl Hungary Kft. To adapt to the new situation.

According to him, the sector, which performs increasingly complex tasks, also has a great role to play in maintaining Hungary’s multilingual, talented young graduates.

Minister of Foreign Affairs and Trade Peter Szijjarto at the Customer Innovation Center Gala in KyndrylSource: Zsolt Kudar

Today, Péter Szijjártó said there are 156 business service centers in the country, which employ a total of 70,446 people. That’s a 53 percent increase in five years, but twelve more investments are still being negotiated.

The government is constantly working on creating and renewing the appropriate investment climate.” – He stated that despite the crisis, a record number of fifteen new investments for service centers were created in Hungary last year with the support of the state, which led to the creation of 2,300 new jobs.
He also noted that this sector is no longer exclusively in Budapest, but more and more similar companies operate in rural towns, for example, 4,500 people work in the sector in Debrecen and 3,600 in Seksfervár.

Finally, the Minister stated that The value of bilateral trade between the United States and Hungary rose by 21 percent last year to more than seven billion euros, a new high, and American companies remain the third largest investing community in Hungary.
By the end of last year, the domestic subsidiary of the American company had created 300 new jobs, and the state provided 1 billion HUF to support the investment of about 3.5 billion HUF for the expansion of the headquarters in Sixfervar.

Kyndryl, which designs complex IT systems for IBM, employs nearly 90,000 people in 63 countries around the world.

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