University was founded in 1635. More than 110 departments and institutes operate within the structure of eight faculties. About 1100 lecturers, 400 researchers and other degree holders and numerous invited lecturers and practising expert specialists participate in education and research at the Budapest University of Technology and Economics. Approximately 800 of the university's 14.000 students are from 50 countries abroad. The Budapest University of Technology and Economics issues about 70% of Hungary's engineering degrees.