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The record HUF 37 billion (USD 96.3 million) investment in research and development in Hungary by the US based Diligent Corporation will create 124 new jobs and help Hungary’s economy to lead the global technological revolution, Minister of Foreign Affairs and Trade Péter Szijjártó announced in Budapest on Thursday. The government will support the investment with HUF 8 billion (USD 20.8 million).
The Foreign Minister pointed out that this is the largest R&D investment ever managed by the Hungarian Investment Promotion Agency (HIPA), which aims to create a new platform that will greatly help in the management of companies and institutions. He recalled that the Diligent Corporation is a leader in the development of platforms for corporate governance, risk management, compliance and sustainability services, digital and artificial intelligence.
This investment will also help the Hungarian economy to move to a higher dimension, to increase the role of R&D, to increase added value and technological quality, and to put Hungary at the forefront of this new global technological revolution, to put Hungary on the map,”
he emphasized.
Historic R&D investment in Hungary!
The US-based Diligent Corporation is launching a 37 billion HUF research and development project in Hungary, creating 124 high-skilled jobs. FM Péter Szijjártó emphasized: “Never before have we been able to attract such a large R&D…
— Zoltan Kovacs (@zoltanspox) February 13, 2025
Péter Szijjártó said that this investment is already an important result of the Hungarian-American economic cooperation entering a new era, which gives Hungary the opportunity to be at the forefront of the great artificial intelligence revolution.
We think that these changes will give Hungary and the United States the opportunity to enjoy a golden age of Hungarian-American relations, and a very important pillar of this is the new type of effective and active economic cooperation, the development of which has always been on the agenda of the talks between President Donald Trump and Prime Minister Viktor Orbán.”
He stressed that this comes at a time when digitalization and artificial intelligence are taking hold on an unprecedented scale.
“And the United States is clearly one of the leading forces in this transition to a completely new era (…) Our goal as Hungarians is to be as closely linked to all of this as possible, to build the closest possible Hungarian-American economic cooperation in this critical period, because this will provide Hungarian companies, Hungarian professionals and, through them, the entire Hungarian economy with the opportunity to be at the forefront of this great and comprehensive technological revolution,” the Minister highlighted.
Péter Szijjártó underlined that currently 1,200 American companies employ 100,000 people in Hungary, and that in the last ten years 140 American investments have been made in Hungary with financial support from the government, creating about 19,000 new jobs.
Via MTI, Featured photo via Pixabay