Shenzhen Technological Giants to Invest in Hungary

Shenzhen Technological Giants to Invest in HungaryHuawei Technologies have agreed to place a logistics center in Hungary. In an agreement signed by Huawei and the Hungarian department, the deal will involve an investment of US$ 1.5 billion dollars.  Huawei is currently the biggest Chinese company in terms of investment volume in Europe.

The deal is part of cooperative agreements from both countries that will also cover investments in telecommunications, agriculture, finance and infrastructure. Aside from Huawei Technologies, several companies such as ZTE Corp, China Development Bank and the Chinese Ministry of Commerce have already made deals with the Hungarian government. The agreements were sign and made during Vice Premier Li Keqiang’s visit to Hungary.

ZTE Corp. has already made a deal with the Hungarian government and will be putting up a operating maintenance center that will target consumers across Europe. ZTE recently finished the first phase of their investment and currently employing 40 local people and is planning to recruit more locals in the next three years.

Comments are closed

The Contributor

Follow me on twitter: TriaSasin

    Connect with Jasmin:
  1. - Email: Click here

Have Your Say!

Which part of Shenzhen has the best quality of life for foreigners?

View Results

Loading ... Loading ...

  1. Etienne Ducrot: Hi, I’m interested to contact this Foundation. Do you know how? Thanks. Etienne
  2. Emma: Hi Jasmin, I’ve read your article about a new medical center opens in Nanshan at the end of this month....
  3. sherry lee: A simple story with great words…I love it.
  4. Evangeline: Awesome piece!
  5. Glenda: Hi there, I enjoy reading through your article post. I wanted to write a little comment to support you.