The company deals with software development.
It is in our fundamental national economic interest that as many investments in software development as possible come to Hungary, so the government is doing everything to ensure the necessary conditions for this – Minister of Foreign Affairs and Trade Péter Szijjártó said on Monday in Budapest.
According to the ministry’s press release, the head of the department reported at the announcement of Belgian-owned Delaware’s investment that the information technology consulting company will open an office in Debrecen in addition to its headquarters in Budapest. The state supports the HUF 2.7 billion project with almost HUF 600 million, thus contributing to the creation of seventy new jobs in the first round.
He said that, as a result of this investment, many young people will get long-term career opportunities, and will be able to use their international expertise in Hungary, where there are more and more job opportunities that can 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 keeping Hungarian young people who are well-educated, speak languages, and can easily find work abroad,” he pointed out.
He said that a significant international competition was taking place in Delaware specifically for high value-added investment, and the victory clearly shows the competitiveness of our country.
“This decision also clearly shows that investments with high added value, specifically aimed at intellectual creativity, really have a place in rural Hungary. Especially in places where the university produces thousands of more educated people,” he opined.
Péter Szijjártó stated that the coronavirus pandemic pushed personal presence into the background, highlighted the vulnerability of supply chains between points that are physically far from each other, and thus significantly increased the value of digitalization.
“One of the effects of the rather wild period left behind us is that a large part of economic processes and work in general – according to some people’s taste, I am one of them, too much of it – has been transferred to the digital space, where organizational management or economic the operation of processes depends not only on individual skills but also on the quality of digital solutions,” he underlined.
“Hungary was sensitively affected by the changes, given that the difficulties of the past years coincided in time with the process that we describe here as the change of dimension of the economy, when we move increasingly from Made in Hungary to Invented in Hungary,” he said.
He emphasized: the national economy can be truly successful in the long term, in which the operation of companies and production are supported by the most modern digital and IT solutions, in which new corporate management systems are developed and applied the fastest.
“That is why it is in Hungary’s fundamental national economic interest to bring as many investments in software development and business application development as possible,” he declared.
The minister stated that great efforts have been made to ensure the necessary conditions for this, the development of the 5G network is underway, the goal is to expand internet access to 90 percent, and the lowest taxes in Europe also help employment in sectors that produce high added value.
Last year, the state-supported twenty investments that created particularly high added-value jobs, as a result of which a total of 2,500 such jobs will be created, he informed.
He emphasized that in the ranking of Brainhub, Hungary is in fifth place in the comparison of the knowledge of IT developers, while in terms of population, it is 95th globally.
He also pointed out that the IT service sector today employs 175 thousand people, the production value of the sector exceeded HUF 3,600 billion in 2022 after a 10 percent increase, setting a record, and the momentum seems to be continuing this year as well.
(MTI)
