Events & Awards

Global business service providers continue to invest in Hungary

According to the Minister of Foreign Affairs and Trade, comprehensive solutions must be found to the crisis.

The government is considering everything in its fight against the epidemic in order to protect jobs as well as people’s health, Minister of Foreign Affairs and Trade Péter Szijjártó said at the online awards ceremony for Business Services Hungary 2020.

Hungary has decided to finance job-retention instead of unemployment and continue to accept foreign business investments for other important economic purposes as well, he added.

The tender for investment incentives is now in its third round, with state contributions now reaching EUR 800,000. Previous subsidies have already helped nearly 1,000 companies maintain or create new jobs, he stressed.

In Hungary, the livelihoods of more than 63,000 people are provided by business service centers, and the minister drew attention to the government’s training support of EUR 5,000 per employee of such companies.

Thanks to a well-trained workforce, well-developed infrastructure and proper training, Hungary is an important destination for global business service providers, and investments aren’t just coming to Budapest but to rural areas as well. 

In the first half of the year, four new companies started operating in Hungary, and an agreement on another eight investments may be reached soon, Szijjártó added.

Business Services Hungary 2020 was organized by HIPA (Hungarian Investment Promotion Agency) and the BSS platform of Amcham (American Chamber of Commerce) in Hungary.

At the event, the Center of Excellence Award was presented to Jeroen Kirschbaum, Managing Director of ExxonMobil Business Support Center Hungary. The Best in Educational Cooperation award was received by Róbert Hosszú, Managing Director of NI Hungary Kft, while the Manager of the Year award was given to Eve Bader, Managing Director of Roche (Europe).

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