Hungary grant €514 million funds to build higher education institutes

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The Hungarian government authorities revealed that the government had allocated 200 billion, or €514 million funds, to develop 20 state-owned and private universities as the first phase of a €731 million plan.

As per the press release, the fund will be disbursed for the development of infrastructure and science parks for higher education institutions such as universities, colleges, and vocational training.

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“László Palkovics, Minister for Innovation and Technology, said on Wednesday that the government is plowing HUF 200 billion (€539 million) into the development of infrastructure and science parks at 20 universities which are either run by the state or by government-backed foundations,” the press release reads.

He also pointed out that about two per cent of the country’s GDP this year is dedicated to the maintenance and development of universities, which according to him, puts Hungary among the leaders in the European Union.

Moreover, this fund will be shared between the Budapest University of Technology, Andrássy University, the University of Veterinary Science, and four medical universities such as the Óbuda University and the Miskolc University, and the Hungarian Dance University, as the first education search platform.

Previously, the Education Secretary, Balázs Hankó, revealed that Hungarian universities rank internationally high in almost every field, which according to him, has been possible due to the modernization of higher education institutions.

According to universities’ ranking sites, Hungarian universities are listed in the 500th spot on an international level, 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). Nonetheless, in comparison to other European universities, Eötvös Loránd University Budapest is ranked 171st.

Furthermore, based on data published by Statista, the number of international students in Hungary has decreased by 2.1 per cent in the 2020/2021 academic year, declining to 32,400 from 33,100 recorded in the previous academic year.

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Additionally, the number of international students in the country has been on an upward trend since 2009, starting with 14,300 foreign students, recording a year-on-year increase of 131.4 per cent since then.

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