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Budapest bidding to headquarter three EU institutions

Hungary could provide the headquarters for three European Union institutes, Hungarian minister of EU affairs Etele Baráth told business daily Világgazdaság on Wednesday.

The biggest progress has been made in preparations for setting up a European Institute of Technology (EIT). The idea was raised by the European Commission last February and Budapest, among other bidders, applied to headquarter the institute, which is scheduled to start work in 2009 or 2010. Baráth said the EIT centre, or at least one of its four or five innovation centres of the network, would operate at the Budapest University of Technology and Economics. The centre, he said, would give a boost to the development of knowledge-based economy. The issue will probably feature on the agenda of the next EU summit on March 23-24. In addition, Budapest is bidding to headquarter the EU's energy


monitoring centre and the centre of Interreg IIIC, an EU-funded programme that helps Europe regions form partnerships to work together on common projects, and develop new solutions to economic, social and environmental challenges.