Hankó said Semmelweis University was among the top 1 percent of the 30,000 universities worldwide and could be among the top 100 schools based on a number of indicators.

Today a further eleven Hungarian universities are among the global top 5%, he added. He highlighted government backing for a new medical training and innovation centre and said demand for dormitory rooms could be met with a new student quarter.

He said the higher education reform started five years ago had put an end to the practice of running universities like “socialist corporations”, while giving schools autonomy and establishing a financing model with big incentives for performance.

Addressing Hungarian universities’ international relations, he said the Pannonia Programme established by the government was now performing better than the European Union’s Erasmus programme. By autumn, the Pannonia Program will have helped 8,000 students attend universities abroad, he added.

Semmelweis University rector Béla Merkely and Nobel laureate physicist Ferenc Krausz also spoke at the commencement ceremony.