gives hefty subsidy to Vodafone
will receive HUF 1.3 billion (EUR 5.25 million) in subsidies and tax breaks
from the government to support its new Budapest service centre, Prime Minister
Ferenc Gyurcsány said last Wednesday as Vodafone chief executive John Bond
signed the contract with the government.
announced in early May that it would invest HUF 9 billion (EUR 36.38 million)
to set up a service centre to handle financial processes and transactions for
18 countries. The centre will create 746 jobs. Bond said Vodafone looked at setting up the centre in
20 different countries but plumped for
Minister János Kóka used the earlier announcement of Vodafone’s arrival to
claim that the government was in talks on over 60 major projects, which could
result in an investment of HUF 1 trillion (EUR 4.04 billion).
one company last week said it would pull out of a planned USD 52 million (HUF
9.55 billion) investment that would have seen a manufacturing plant built here.
said its plans to build parts for mobile phones, PCs and laptops in
investment conditions in