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Hungary Trends – The previous week in business and finance
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Budapest (MTI) – See below MTI’s main business and financial news from the previous week:
BLACKROCK’S BUDAPEST INNOVATION CENTRE TO CREATE 500 JOBS
US-based investment management company BlackRock said it is setting up an innovation centre in Budapest that will create 500 jobs. The innovation centre will deal with product development and the way client data is managed as well as with creative marketing. Read more HERE.
BOSCH TO MOVE REGIONAL LOGISTICS HUB TO HUNGARY FROM 2018
German engineering giant Bosch announced plans to move its central and eastern European regional logistics centre to Hatvan, about 60km east of Budapest, from 2018. The National Industrial Park Operating and Development Company will build a 17 billion forint (EUR 54.8m) industrial park on the outskirts of Hatvan for Bosch, which will lease 60,000sqm of the area for a period a 16 years. Bosch will also commit to raising the value of its orders from local suppliers by 60 million euros over the next six years as part of the arrangement. Read more HERE.
WARNING STRIKE AT AUDI HUNGARIA
About 1,500 of the 11,500 staff of German carmaker Audi’s unit in Hungary participated in a warning strike at the company’s base in Győr, in north-western Hungary. The strike resulted in a drop in production but will not affect deliveries to customers, said Audi Hungaria communications director Péter Lőre. Read more HERE.