Sales revenue from cloud technology used in manufacturing and trade is set to grow at an average annual rate of close to 20% this decade in Eastern Europe, according to market researcher Fortune Business Insights. In Hungary, the growth of the cloud technology sector may outpace regional peers as the expansion of B2C e-commerce has […]

As a member of the Foxconn Group, Cloud Network Technology launches warehouse capacity expansion investment of more than EUR 15 million in Komárom, NW Hungary. About 20% of the investment cost is covered by Hungarian taxpayers. The establishment of a new 17,000-square-meter storage capacity supports the production of high-tech data centers and network communication devices. […]