István Joó: Couldn’t Wish for a Better Investment Than Diligent’s Latest
2025. 02. 17. - HIPA
American software provider Diligent Corporation’s latest investment would be judged as flawless even by the most critical left-wing economists, as the project is not only the largest R&D initiative in the history of Hungary’s investment promotion, but also strengthens Hungary in a key sector of the future, the application of artificial intelligence, stated Mr. István Joó, Government Commissioner and CEO of the Hungarian Investment Promotion Agency (HIPA), in an interview with public television M1.
Diligent is expanding its Hungarian operations with the highest value-added activities, state-of-the-art technologies, and some of the best-paying engineering jobs. Through this record-breaking R&D investment, new software products for 130 countries worldwide will be developed in Budapest – underlined the Government Commissioner for Investment Promotion and Implementation of Large FDI Projects.
Traditionally, the United States has been one of the largest investors in Hungary, with high-tech projects consistently arriving in industries such as pharmaceuticals and ICT.
However, over the past four years, during the previous U.S. administration, efforts were made to portray Hungary as an unfavorable investment destination.
The new administration taking office represents a significant milestone, and economic relations could reach new heights in the coming period.
If an accurate picture of Hungary’s investment environment is presented in America, even more exciting and larger-scale projects could arrive
– Mr. István Joó stated.
Diligent Corporation, specializing in software-as-a-service (SaaS) solutions that assist decision makers with audit, risk, compliance, ESG, among others, is creating new R&D jobs with its EUR 93.6 million investment. The project is supported by the Hungarian government through HIPA.
The company’s Budapest product development and R&D center, established in 2021, currently employs 450 people. Supporting the expansion will "pay off many times over," not only in the form of personal income tax and social security contribution revenues.
Artificial intelligence may or may not be liked, but it is undeniably a key sector of the future, and this project will establish very significant capabilities in Hungary
– underlined HIPA's CEO.
Latest horizons entries
The automotive industry remains one of the most important sectors of the Hungarian economy, in which not only production capacities are expanding, but also a knowledge-based dimensional change has begun, said Mr. István Joó, Government Commissioner and CEO of th...
2026. 03. 23. -
Automotive #AutomotiveHungary has managed to create the most competitive business environment in Europe over the past 16 years, as a result of which foreign direct investment is helping the efforts to boost the economy, but opposition plans are putting all of this at risk, said Mr. I...
2026. 01. 21. -
HIPA #HIPAThe role of foreign investors strengthening the economy with capital and modern technology is crucial in Hungary, without them there is no significant growth, and their activities also have a beneficial effect on small and medium-sized domestic enterprises - sai...
2025. 12. 15. -
HIPA #HIPA