Nearly half a billion HUF state support for key summer festivals
This year, the government supports the Sziget, Volt and Balaton Sound Festivals with a total of 150 million HUF, while the Nagyon Balaton will receive 337 million HUF – the Minister of State of the Ministry of Human Resources told at the Parliament on Friday in Budapest.
Rétvári Bence, Minister of State of the Ministry of Human Resources told that 10-12 percent of tourism revenues of the country is generated by the festivals. The festivals create an annual revenue of 100 billion HUF and provide job opportunitiesfor many of the locals. He added that the big festivals have to face serious international competition, so the government last year has reduced the VAT content of entrant tickets from 27 to 18 percent. (MTI)
Related news
World stars not only boosted the atmosphere but also boosted tourism
World stars shared the stage with each other at Budapest’s…
Read more >Eszter Vitályos: tourism is one of Hungary’s driving forces
Tourism is one of the driving forces of Hungary, currently…
Read more >International survey: travel appetite in Europe at record high despite global tensions
Despite climate change, global uncertainties and geopolitical turmoil, travel is…
Read more >Related news
Unexpected duo: Hungarian grandmother taught Spanish star chef how to make strudel
Dani García’s gastronomic adventure in Hungary has continued. Bibo Budapest’s…
Read more >Children under 14 excluded: new rules in Budapest spas
A new restriction is coming into effect in the capital’s…
Read more >