It is in the interests of our national economy to attract as many software development investments as possible to Hungary, and the government will do everything possible to ensure the necessary conditions for this, Minister of Foreign Affairs and Trade, Péter Szijjártó, said at a press conference announcing the Belgian-owned Delaware investment.
Photo: MTI/Máthé Zoltán
The information technology consulting company will open an office in Debrecen, in addition to its Budapest headquarters. The HUF 2.7 billion (EUR 7.2 M) project will be supported by the state with almost HUF 600 million (EUR 1.6 M), contributing to the creation of seventy new jobs in the first round.
The Minister stressed that the investment will provide long-term career opportunities for many young people, who will be able to use their globally competent professional skills in Hungary, where there are an increasing number of jobs that offer an alternative to moving abroad in terms of salary, prestige, diversity of work, and technological development.
This sector plays a particularly important role in retaining well-educated, language-speaking young Hungarians who can easily find work abroad,”
He continued by saying that there was considerable international competition for the Delaware investment of particularly high added value, and that the victory shows the competitiveness of our country.
This decision also clearly shows that high value-added investments specifically targeted at intellectual creativity truly have a place in rural Hungary. Especially in places where the university produces thousands of educated people,”
Péter Szijjártó underlined that the national economy can be truly successful in the long term if companies’ operations and production are supported by the most modern digital and IT solutions, and if new corporate management systems are developed and implemented as quickly as possible.
This is why it is in Hungary’s fundamental national economic interest to attract as much investment as possible in software development and business application development,”
The IT services sector currently employs 175,000 people, and the sector’s output value exceeded HUF 3,600 billion (EUR 9.6 M) in 2022, a record high, with a 10% increase, and the momentum is likely to continue this year, he concluded.
Featured image: Facebook/delaware Hungary