US firm Flowserve Corporation to establish financial services center in Debrecen, investing HUF4.3bn

American industrial machinery manufacturer Flowserve Corporation is planning to set up a financial services center in Debrecen with an investment of HUF4.3bn (EUR14m), Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó said.

The Hungarian government is supporting the investment with a state grant of HUF1.5bn, Szijjártó said, adding that more than 400 new jobs would be created in Hungary through the establishment of the center. 

Flowserve decided to establish the center in the Hungarian city it said because of the qualifications and language skills available in the local labor market.

Flowserve Hungary Services managing director Rory Carrick told Hungarian news agency MTI that the company is planning to expand the center over the next 3-5 years, when the company expects to offer accounting and financial services in ten languages for Flowserveʼs clients in 20 countries.

Currently, approximately 90 shared service centers or SSCs operate in Hungary, employing altogether 37,000 people, Szijjártó stressed.

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