GE has been operating in Hungary since the end of 1989, when it made a strategic investment in Hungarian lamp manufacturer Tungsram, acquiring its 50% + 1 shares. Currently GE has 10,000+ associates in Hungary; of them 9,000 are working in the industrial businesses and an additional 1,500 employees in GE’s Global Operations Center, Budapest. At the end of 2012 GE signed a strategic partnership agreement with the Hungarian Government. According to “Figyelő Top 200” 2014 edition GE is the 2nd biggest exporter in Hungary. Joerg Bauer was appointed President of GE Hungary on October 1st, 2013.
GE Global Operations Center, Budapest was inaugurated in February 2014, which is an integral part of GE’s global strategy driving service innovation and simplification in its operations.