The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial Services Activities Auxiliary To Financial Services And Insurance Activities Financial Fund Management 66.3 - Fund management activities
500 jobs Number of planned job creations
Announcement Date
25 January 2017
Employment effect (start)
25 January 2017
Foreseen end date
Description
The global investment manager BlackRock Inc. is to open a new "Innovation Centre" in Budapest in the first quarter of 2017, with a state support of HUF 280 million ( appr. USD 1 million), creating approximately 500 jobs for highly trained professionals in the medium term. The new office will handle technological development of financial and business processes, develop a new methodology to handle client data and creative marketing tasks. Recruitment has already started.
Sources
25 January 2017: index.hu
25 January 2017: Hirado.hu
Citation
Eurofound (2017), BlackRock, Business expansion in Hungary, factsheet number 90045, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90045.
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