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May 30, 2018

PM Orbán inaugurates Ericsson’s new headquarters and R+D center in Budapest

The Swedish telco’s headquarters, named Ericsson House, will host more than 1,700 of Ericsson Hungary’s 2,000 employees with over 1,400 of those focused on R+D

Prime Minister Viktor Orbán has inaugurated Ericsson’s new headquarters and research and development center in Budapest.

The Swedish telco’s headquarters, named Ericsson House, will host more than 1,700 of Ericsson Hungary’s 2,000 employees with over 1,400 of those focused on R+D.

Ericsson also signed a memorandum of understanding with the Budapest University of Technology and Economics (BME) to extend a collaboration aimed at long-term close cooperation in education, research and innovation.

“Ericsson has a strong commitment to Hungary. The continuous growth of the local R+D organization builds on excellent results achieved by Hungarian researchers and engineers, such as the development of Ericsson Expert Analytics, our real-time analytics solution,” said Ericsson chairman-CEO Borje Ekholm.

PM Orbán noted that Hungarians, as well as the Swedes, had been pioneers in the telecommunications industry in Europe, referring to Tivadar Puskás, the Hungarian inventor of the telephone exchange.

The prime minister added that Ericsson had been the first foreign investor in Hungary’s telecommunications industry, entering the market in 1911.

PM Orbán called it encouraging that nearly 25 percent of Hungary’s economic growth in recent years came from the digital economy, and said the sector was of strategic importance. He added that the sector could do with another couple thousand small and medium-sized companies as well as 10,000 young engineers and IT specialists.

According to MTI, the prime minister said the government would spend nearly 130 billion HUF (407.4 million HUF) on telecommunications developments involving over 8,000 companies. He also mentioned that 11 companies from the sector have been included in the government’s strategic partnership program.

“Hungary’s leaders must understand, not only in politics but in the economy, in science and in the intellectual world, that those who want to hold their own in the fight for the future cannot succeed unless they learn how to navigate on the ocean of global data flows,” the prime minister said. The Hungarian government aims to “become conquerors and winners in an expanding world,” he added.