Hungary's R&D Minister Károly Molnár and Indian ambassador to Hungary Ranjit Rae laid the cornerstone of a more than HUF 2 billion (EUR 7.72 million) R&D center in Budapt on Wednesday, October 15th, 2008.
EL-TECH Center, a consortium of four companies including BHE Bonn Hungary Electronics will host 8-10 technology companies and provide work for about 300 people, said Károly Kazi, managing director.
The grand opening of the ICT center is planned in June 2010. The center will also serve as an Aerospace ICT Incubation House for SME-s.
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