Universities operating under Hungary’s new higher education model based on private foundations can “adapt to new situations much faster” than universities in the traditional system, Finance Minister Mihály Varga said.
Varga attended a ceremony in Székesfehérvár, in western Hungary, in which Budapest’s Óbuda and Corvinus universities signed a memorandum of understanding concerning the operations of Corvinus’s local campuses. The two universities will run courses jointly at two Corvinus campuses in Székesfehérvár under Óbuda University’s management. This kind of cooperation would have taken must longer to effect under the old system, the minister said. The new Corvinus and Óbuda University campuses will offer courses in engineering, economics and finance.