section_path: Economy/Finance and corporate location
section_name: Finance and corporate location
paragraph_text: Finance and corporate location
  
  The Budapest Stock Exchange, a key institution of publicly offered securities in Hungary and Central and Eastern Europe, is situated in Budapest's CBD at Liberty Square. BSE also trades other securities such as government bonds and derivatives as well as stock options. Large Hungarian multinational corporations headquartered in Budapest are listed on the BSE, for instance the Fortune Global 500 firms MOL Group, the OTP Bank, FHB Bank, Gedeon Richter, Magyar Telekom, CIG Pannonia, Zwack Unicum and more. Nowadays nearly all branches of industry can be found in Budapest. Although there is no particularly special industry in the city's economy, the financial centre role of the city is strong, with nearly 40 major banks being represented in the city including as well as those like Bank of China, KDB Bank and Hanwha Bank, which are unique in the region.
  
  Many international banks and financial service providers also support the financial industry of Budapest, firms such as Citigroup, Morgan Stanley, GE Capital, Deutsche Bank, Sberbank, ING Group, Allianz, KBC Group, UniCredit and MSCI among others. Another particularly strong industry in the capital city is the biotechnology and pharmaceutical industry. There are also traditionally strong domestic companies in Budapest such as Egis, Gedeon Richter, Chinoin as well as international biotechnology corporations such as Pfizer, Teva, Novartis, Sanofi, which also have R&D and production divisions here. Further high-tech industries, involved in software development and engineering are notable as well. Nokia, Ericsson, Bosch, Microsoft and IBM employ thousands of engineers in research and development in the city. Game design is also strongly represented with headquarters of domestic companies Digital Reality, Black Hole and the studios of Crytek and Gameloft. Apart from the above, there are regional headquarters of global firms such as Alcoa, General Motors, General Electric, ExxonMobil, BP, BT, Flextronics, Panasonic, Huawei, Knorr-Bremse, Liberty Global, Tata Consultancy, Aegon, WizzAir, TriGránit, MVM Group and Graphisoft. There is a base for major international companies including, but not limited to, Nissan CEE, Volvo, Saab and Ford.