Hungary allocates €514 million fund to higher education institutions

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The Hungarian government has allocated a fund of 200 billion HUF or 542 million euros for the development of 20 public and private universities under the first phase of a 731 million euro program, the authorities reveal.

According to a press release issued by the official website, this fund will be distributed to higher education institutions such as universities, colleges and vocational training for their development of infrastructure and science parks, reports SchengenVisaInfo.com.

“László Palkovics, Minister of Innovation and Technology, said on Wednesday that the government is injecting 200 billion HUF (539 million euros) into the development of infrastructure and science parks in 20 universities which are either managed by the state or by foundations supported by the government. “, says the press release.

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He also pointed out that about two percent of the country’s GDP this year is spent on maintaining and developing universities, which he said puts Hungary among the leaders in the European Union.

In addition, this fund will be shared between Budapest University of Technology, Andrássy University, University of Veterinary Sciences, four medical universities such as Óbuda University, University of Miskolc and University of Hungarian dance, as the first education research platform, Erudera.com reveals.

Earlier, Education Secretary Balázs Hankó revealed that Hungarian universities rank internationally in almost all fields, which he says has been possible thanks to the modernization of higher education institutions.

“The objective was to provide universities with a structure that allows them greater flexibility and autonomy so that they can be competitive both at home and abroad. This is why we have provided them with the appropriate legal framework, institutional profiles and important resources”, Education Secretary Hankó said.

According to university ranking sites, Hungarian universities are ranked 500th internationally, with the leading institution being the University of Szeged (551-560), followed by the University of Debrecen (591-600) and Eötvös Loránd University. (651-700). Nevertheless, compared to other European universities, Eötvös Loránd University in Budapest is ranked 171st.

Furthermore, based on data published by Statista, the number of international students in Hungary decreased by 2.1% in the academic year 2020/2021 to 32,400 from 33,100 recorded in the academic year. former. Moreover, the number of international students in the country has been on the rise since 2009, starting with 14,300 foreign students, registering a year-on-year increase of 131.4% since then.

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