US Company Establishes Regional Service Center in Szekszárd

While the latest customs agreement between the European Union and the United States is considered “tragically bad,” Hungary believes it is in a position to ward off the negative effects thanks to the influx of American investment, said Hungarian Foreign and Trade Minister Péter Szijjártó announcing a new US investment in Budapest.

Support Services Group Europe, an American corporation with approximately 10,000 employees worldwide, is establishing a new service center in Szekszárd (southern Hungary) for the entire Central and Eastern European region. The investment amounts to around 940 million forints (2.4 million euros), for which the Hungarian state is providing 282 million forints (724,000 euros) in subsidies, creating 75 new jobs.

This is already the seventh American investment in Hungary since US President Donald Trump took office in January.

Péter Szijjártó pointed out that US companies are the third-largest investor community in the country, employing more than 100,000 people. Bilateral trade reached a record high last year, which is expected to be exceeded this year. Over the past 11 years, the government has supported 145 US investments, creating 20,000 new jobs, he added.

There are now 215 service centers in the country, employing over 110,000 Hungarians and playing a key role in retaining young, talented, and linguistically skilled professionals,

he said.

It is noteworthy that over a quarter of these centers are located outside the capital, according to Péter Szijjártó. Large university cities such as Székesfehérvár (around 6,000 employees), Debrecen (over 5,000 employees), Szeged, and Miskolc (1,500 employees each) have established themselves as important locations, he added.

Two-thirds of the service centers are already planning to expand, and 80 percent of them want to relocate higher value-added activities to Hungary, the minister noted. This will help rural towns outside the county seats to play a greater role in the Hungarian economy in the future, he concluded.

Via MTI, Featured image: Pexels

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