June 25th, 2019
Foreign Minister Peter Szijjarto on Tuesday inaugurated a 14.25 billion forint (EUR 43.9m) Higher Education and Industry Cooperation Centre (FIEK) in Gyor, in north-west Hungary, established by the Szechenyi Istvan University and automotive company Audi Hungaria. The Gyor centre is expected to raise Hungary's appeal as an investment venue by making it one of the most important hubs for automotive research, the minister said. Szijjarto noted that the annual value of the Hungarian automotive industry jumped to 8,500 billion forints (EUR 26bn) in 2018 from 4,000 billion in 2010. It is set to soon surpass 10,000 billion forints, he said. Economic development is rooted in education, Szijjarto said. Education should offer solutions that contribute to maintaining the country's economic growth above the EU average, he said. The Gyor FIEK, he said, is a hub of developments based on the real needs of the industry.