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Scholarships granted to the most gifted students of the Austrian School of Budapest by Rail Cargo Hungaria

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Rail Cargo Hungaria Zrt. launched its Study Grant program in 2011 to support the most talented students of the Austrian School of Budapest for five consecutive academic years. The railway company regards the project as an enforcement of the traditionally good economic and cultural partnership relations between Hungary and Austria.

As an important step of the agreement concluded between the institution and the company, RCH will already support the studies of six students for the 2013/14 academic year. The scholarship certificates were ceremonially presented in the Austrian School of Budapest on October 1st by Dr. Michael Zimmermann, the ambassador of Austria in Budapest, and Dr. Imre Kovács, the Chairman of the Board of Rail Cargo Hungaria Zrt.

During the ceremonial presentation of the scholarship grants, held for the third time, Günther Kaiser, the school's principal said that "The Study Grant program of Rail Cargo Hungaria contributes significantly to the elevation of ours school's quality. We are currently in an upstream period, the better students we accept to our school, the higher the quality of education becomes. This improvement in quality affects the number of applicants, resulting in the fact that we are able to accept students with even better abilities. Since the financial support given by Rail Cargo Hungaria goes directly to the students, the company indirectly contributes good students to our school."

In his ceremonial speech, Dr. Michael Zimmermann, the Austrian ambassador to Budapest highlighted the significance of the school, noting that „The schools provide an especially good example of the intergovernmental cooperation in education. Both countries support this unique opportunity."
Dr. Imre Kovács, the Chairman of the Board of Directors of Rail Cargo Hungaria Zrt. opened his speech with the following remark: this scholarship program has already become a tradition, and life has proven that it also produces positive results. As the Chairman noted, Rail Cargo Group provided a precedent for the positive effect of cooperative effort in widening the framework of education. For instance, the company group's internship program reinforces employment possibilities conforming to European norms. The final words of the railway company committed to the knowledge and the development of abilities were the following: „the things that connect us are always stronger than the problems".
The ceremony was concluded with the cello-performance of one of the students of the Austrian School of Budapest. On the occasion of the International Music Day celebrated on October 1st an exhibition entitled "Vinyl – the music of the last century" was opened in the assembly hall of the school.
The best students accepted to the school during admission procedures of the 2013/2014 academic year from the preparatory class will receive a 70 per cent tuition support in the form of a grant. Those students, who received a 70 per cent support during the academic years of 2011/2012 and 2012/2013, will continue to receive a 25 per cent reduction from their tuition in the following years, if they were among the six best performing students of their class during the previous year. The remaining three scholarships for the academic year of 2013/2014 will be awarded by the school board at the end of the year, providing a 33 per cent support to tuitions of the deserving students.

About the Austrian School of Budapest
The Austrian School of Budapest is one of 7 Austrian Schools operating abroad, and is one of the most productive institutions among the high schools of the Hungarian capital. On the occasion of an international agreement, the school obliged itself to foster and deepen Austrian-Hungarian relations. During the more than 20 years of its existence, the institution produced students with fluent German knowledge, who were welcomed with open arms at companies and institutes communicating in German or having Austrian connections. Employing differentiated educational methods and providing additional opportunities for gifted students to help their educational advancement is of vital importance to a successful school. The responsibility of the students is to study, to which task the Study Grant Program of Rail Cargo Hungaria is a valuable motivational factor. The program highlights that school performance plays a key part in success.

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E-mail: press@railcargo.hu