Hungary’s future very much depends on universities and their quality, says Hungarian MFA

Hungarian Foreign and Trade Minister Péter Szijjártó said that the future of the country depends a lot on universities and the quality of work that is done there.

According to Minister Szijjártó, the link between higher education and economic processes is very important, reports.

He also cited the collaboration between Széchenyi István University and German engineering giant Bosch as a good example.

Speaking in Zalaegerszeg, western Hungary, on Monday, the minister said the countries’ supply of skilled professionals is increasingly deciding the international race for investment. Minister Szijjártó attended the inauguration of the Széchenyi István University incubation and accommodation building in the ZalaZone science park, next to the largest vehicle test track in Europe”, a statement released by the government noted.

The Minister explains that there is currently “fierce” global competition to secure investments in the context of the current crisis.

He also pointed out that tax rates and political stability could be critical in such competition, revealing that Hungary’s 9% corporate tax rate was the lowest in Europe. At the same time, he said Hungary offered a predictable and politically stable environment.

The quality of human resources is becoming the key factor in the race for investment. It is no exaggeration to say that the competitiveness and future of Hungary depends heavily on universities and the quality of work carried out there. added the minister.

In addition, in March, Minister of Innovation and Technology László Palkovics revealed that the government had helped with 200 billion forints or 539.0 million euros for the development of infrastructure and science parks in twenty universities. Hungarian institutions, which are either run by the state or by government-supported foundations.

According to him, the financing is the first phase of a development program of 2,700 billion forints. In addition, projects were funded at Budapest University of Technology, Andrássy University, University of Veterinary Sciences, four medical universities, Óbuda University, University of Miskolc and at the Hungarian Dance University.

More than 74% of female applicants were accepted full-time at Hungarian universities and colleges in 2021.

Also, Hungary has almost 37,000 international students in higher education, which is accurate because Hungarian universities are considered to be the best educational institutions that offer high-quality education in many fields.

However, this means that this number is almost three times higher than the number of Hungarians studying abroad, which is around 13,038.

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