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Óbuda University Could Become a Driving Force in Hungary’s Economic Development

  • CULTURE & SOCIETY

Óbuda University Could Become a Driving Force in Hungary’s Economic Development

Zoltán Máthé/MTI
Speaking at the EU-PED Day of the university, on which all educators working in Hungarian-language tertiary education are celebrated, Mihály Varga reminded that the goal of the government with the transformation of higher education and the introduction of dual education was for universities to become ‘intellectual centres that define and broaden the country’s development opportunities.’
  • Ádám Bráder
  • — 04.06.2023

Óbuda University traditionally marks Educators’ Day, commemorated each year on the first Sunday of June, by holding an EU-PED day, honouring the achievements of all Hungarian educators working in Hungarian-language tertiary education in the countries of the Carpathian Basin.

On Friday, 2 June, Minister of Finance Mihály Varga was the special guest of the day. In his remarks, he highlighed that Óbuda University has lived up to expectations, and there is a good chance for the educational institution to become one of the driving forces behind the country’s economic development.

He emphasised that after the transition to a new model, development began immediately at the university. The number of professors and scientific publications has increased since, and this year, there was a 30 per cent rise in student applications compared to last year. The university is currently recognised as being among the top 1,200 in the world, he highlighted. The minister of finance stated that the goal of the government with the transformation of higher education and the introduction of dual education was for universities to become ‘intellectual centres that define and broaden the country’s development opportunities.’

PHOTO: Zoltán Máthé/MTI

He recalled that Óbuda University was a kind of pilot project in the process of the transformation of higher education. He noted that it has now been proven that the whole is more than the sum of its parts, and universities have ‘exponential strength and development potential’ when united. Mihály Varga stressed that the new model of Hungarian higher education has clearly brought about positive results and can serve as an example for other countries. The path to research and development activities has been opened, which is also evident in the launch of scientific and innovation parks. The minister expressed satisfaction that Óbuda University attracts many young people from beyond the borders, often after having studied in another language in their birthplace.

Óbuda University has approximately 12,000 students in seven faculties and has signed cooperation agreements with 130 organisations. With the transition to the new, foundation-managed model, the resources allocated to operation and development have seen a two-and-a-half-fold increase, and faculty salaries have been raised to an unprecedented extent. Following the minister’s speech, the university’s teachers and patrons were honoured.


Related articles:

Schools of the Future: Investments Into Hungarian Public Education
More Than 126,000 Apply for Admission to Higher Education in Hungary
Ádám Bráder graduated from the Faculty of Humanities of Eötvös Loránd University in 2021 as an English major specializing in English in the Media and Applied Linguistics. From 2017, he worked as an assistant editor at TV2’s news programme. After graduating, he continued his work as an online journalist, which led to him joining the Hungarian Conservative team in 2022.
  • Tags: Budapest, development, economy, education, Educators' Day, EU-PED, Europe, higher education, Hungary, Mihály Varga, new higher education model, Óbuda University, progress, university

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