More than impressive. BlackRock is the world's largest asset manager with $5.4 trillion in assets under management. Now this US-based company intends to open an innovation center in Budapest, Hungary, "to deal with product development and the management of client data."
The Hungarian government has also offered BlackRock approximately $1-million in funds for employee training. According to Patrick Olson of BlackRock, the company chose Budapest, the capital city of Hungary, because of "its education system, quality of infrastructure, security, and quality of life."
Budapest is one of the major flagship cities in the region of Central & Eastern Europe, and stories like this are a win-win for everybody -- on both sides of the Atlantic.
Be sure to see the full article at Hungary Today, here.
News and commentary from the team at CEE Business Media. We are the organizer of the USA-Europe Shared Services & IT Outsourcing Summit and Awards Gala to be held at the New York Athletic Club on June 28, 2017.