Hungarian government will spend € 7.8 billion on university developments
Hungarian higher education has reached an “epochal turning point” thanks to the new foundational model covering a wider range of institutions, László Palkovics, the minister of innovation and technology, said on Saturday.
Addressing a ceremonial senate meeting of the University of Szeged, in southern Hungary, Palkovics said universities that have opted in to the new foundational model would benefit in a multiplicity of ways thanks to their enhanced institutional autonomy and funding predictability.
He noted that 21 universities have opted in to the new model and 65 percent of student applications have been made to a university operating under the new system.
It is anticipated that seven out of ten students will study at such institutions, he added.
- No Chinese university campus in Budapest? Green light given to referendum
- This is your most important document if you want to move into a university dorm!
Palkovics said Hungary had never before spent as much on its universities as it did today. The government in 2022 will spend 1.7 percent of GDP on higher education as opposed to the EU average of 0.8 percent, he added.
Bids totalling HUF 2,700 billion (€ 7.8 billion) for developments submitted by the universities will be fully covered by the state’s coffers, the minister said.
Palkovics noted that this year 11 percent more people applied for a place in higher education than last year, while by 2020 the number of foreign students had grown by 65 percent from 2013.
Read alsoSemmelweis University among world’s 300 best!
Featured image: University of Szeged – Wikipedia/Szeged University
Source: MTI
please make a donation here
Hot news
Holes in the EU budget are increasingly visible, Orbán government believes
Top Hungary news: airport shuttle confused, road development, 72h in Budapest, guest workers needed – 13 October, 2024
PM Orbán announced big plans concerning Hungarian economy today, says he is ready to fight
German pensioners adore Hungary, but not why you would think
Hungary proud of its winemaking heritage
1st Hungarian luxury bitter brand ready: the Zwack Unicum’s Trezor XO