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To become centre of innovation capital needs better university, says economy minister

Budapest could become a major center for research and development in the next 20 years, but that will require establishing a university that is among the world's top 200 schools, National Economy Minister György Matolcsy said at a meeting of the Budapest Chamber of Trade and Industry (BKIK) on Tuesday.

Matolcsy outlined three other areas of opportunity for the capital over the next two decades at the meeting. Budapest could become a financial, trade and logistics hub for the region, if it forms part of a triangle with Vienna and Bratislava. The network could be expanded with the inclusion of Brno, he added.

The healthcare industry, notably drug production, manufacturing of healthcare equipment and wellness tourism is another area for development.

The fourth area for expansion Matolcsy mentioned was tourism. In addition to conventional tourism, emphasis should be placed on conference tourism and sporting events tourism, he said. (MTI-Econews)