Budapest in Competition for the European Institute of Innovation and Technology

                                                                                         

Hungary joined the competition for becoming the host of the European Institute of Innovation and Technology, a center to "accelerate economical growth" in the EU by integrating research, innovation and education. Hungary competes with other member states nominating five towns: Jena (Germany), Vienna-Bratislava (Austria, Slovakia), Sant Cugat del Valles (Spain) and Wroclaw (Poland). The Ministry for National Development and Economy hopes to persuade decision makers of the high innovation capacity of Hungary. Gordon Bajnai Minister of Economy is visiting Brussels during the campaign to call attention to the supporting tax system and the track record of the successfully operating knowledge centers in the capital. The final decision will be made by the end of May.

About the author:
Rony Grynholc is the CEO of ITP group - a private investment company.

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