Volt and Balaton Sound may bring hundreds of millions for the budget

In spite of the recession, both festivals organized by Sziget Office are increasingly popular: the interest in Volt has not seen much of a decline, whereas Balaton Sound faces a 15 percent boost – even though ticket prices cost 30-40 percent more due to t

Sopron-based Volt Festival takes place from 1st to 4th July, while the festival called Balaton Sound placed at the beach of Zamárdi takes place from 9th to 12th July. The survey conducted by KPMG shows that the two festivals bring about a total of 760 million HUF for the budget, in the for of taxes. According to guesses by KPMG, last year's traffic was of nearly 1.28 billion HUF, which brought about a total of 670 GDP-additions and 277 million of total tax income for the budget. The amount of money generated by Balaton Sound was nearly 1.58 billion HUF.