The money invested in festivals is well offset by economic growth
The festival business hes sped up in Hungary so much that the Budapest Economic University launched a research on the subject – mfor.hu wrote. According to the results, festivals now have a greater economic impact than the smallest industries.
A forint spent on festival support generates 2.2 forints in GDP – the Budapest Economics University (BGE) revealed in its survey. The details can be read in the Friday issue of Világgazdaság. (mfor.hu)
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