Key University in Budapest Faces Funding Crisis, Basic Operations Under Threat

  • 7 May 2024 11:08 AM
  • Hungary Around the Clock
Key University in Budapest Faces Funding Crisis, Basic Operations Under Threat
A funding crisis at the Budapest University of Technology (BME) has prompted the rector and eight faculty deans to request a one-time grant from the Ministry of Culture and Innovation to sustain basic operations, 444 reports.

During the BME senate meeting on April 29, Rector Tibor Czigány disclosed that he will not seek re-election, as heard in an audio clip obtained by the Qubit website.

Czigány also expressed hope for future financial stability, emphasising the need for increased funding while maintaining autonomy and European values.

In a letter to the ministry, the university leaders said "the real value of the funds available to operate the university has continuously decreased in recent years, and in the high inflation environment, they do not even cover the most necessary expenses, which has led to an unsustainable situation."

They highlighted that the funds allocated for 2024 equate to only 40% of the real value provided by the state budget two decades ago.

Despite this plea, no response has been received from the government, as state secretary Balázs Hankó concentrated discussions solely on salary matters during a meeting with university rectors on April 17.

Employees of ELTE, BME, the Academy of Music, and the University of Fine Arts reportedly met with Hankó three times to discuss salaries, but only at the third session did they manage to bring their positions closer, 444 reports.

MTI Photo


You're very welcome to comment, discuss and enjoy more stories, via our Facebook page: + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here:

Do you want your business to reach tens of thousands of potential high-value expat customers?
Then just contact us here!

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit and click on 'Free Trial Subscription’.

Explore More Reports

  • 'Night of Museums' in Hungary, 22 June

    'Night of Museums' in Hungary, 22 June

    • 13 Jun 2024 9:23 AM

    This annual museums extravaganza will be held nationwide on Saturday 22 June, featuring 2,500 programmes at 450 venues this year.

  • Hungary Calls on EU to Support AI Solutions in Preserving Cultural Heritage

    Hungary Calls on EU to Support AI Solutions in Preserving Cultural Heritage

    • 15 May 2024 7:31 AM

    The European Union must support the contributions of artificial intelligence to preserving European and national cultural heritage, but must stand up to technology-based attempts “built on manipulation and designed to strip people of elements of their dignity”, the minister of culture and innovation said on Tuesday, after a meeting of culture ministers in Brussels.

  • 'Handle with Care', Temporary Exhibition @ Ludwig Museum Budapest

    'Handle with Care', Temporary Exhibition @ Ludwig Museum Budapest

    • 5 Jan 2024 12:30 PM

    On display until 14 January 2024. Caring is a common experience for all of us, and it shapes our lives from the moment of birth until death. It can be interpreted on the personal level (self-care) or projected onto relationships between people (maternal or parental care, elderly care), but can also be extended to caring for nonhumans and, in a broader sense, for the Earth itself.