Bosch Signs for HUF 1 Billion State Support for HUF 9 Billion Expansion of R+D Center

The Hungarian unit of German engineering company Robert Bosch has signed a contract with the National Development and Economy Ministry.

The Hungarian unit of German engineering company Robert Bosch has signed a contract with the National Development and Economy Ministry on HUF 1 billion in state support for a HUF 9 billion expansion of its R+D center in Budapest, the Bosch group's regional communications manager Ferenc Ficzere told MTI on March 23.
Bosch has been in talks with the ministry on support for the investment since 2008, Mr Ficzere said. Under the agreement, the R+D center is to add 200 university graduates to its staff by 2012 and employ them until at least the end of 2017, he added.
 

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