Ericsson in HUF 3 Billion Expansion of R and D hub
Ericsson Hungary is implementing a 3 billion forint (EUR 8.3m) expansion of its R and D hub in Budapest using a 600 million forint non-refundable government grant, Péter Szijjártó, the minister of foreign affairs and trade, said on Tuesday.
The Swedish telecoms giant’s development involving cloud-based multimedia systems will create 200 jobs, he told a press conference. As a result, Hungarian engineers and IT experts will leave their mark on the global development of the IT and telecoms industry, he added.
Ericsson has been present at every first step taken in the history of Hungarian telecommunications, Szijjártó said. One of the company’s globally important R and D hubs is in Budapest, employing over 2,000 people, he added.
Nagy fejlesztést jelentett be az Ericsson Magyarország
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Szijjártó: az Ericsson bővíti kutatás-fejlesztési központját
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