portfolio | Billions are spent at Hungary's summer fests, mostly on booze and food: "Billions are spent at Hungary's summer fests, mostly on booze and food
Tuesday, 23, June 2009 04:51:00 PM
Hungary's two largest festivals in the country broke records in 2008 both in terms of the number of visitors and the amount of money revellers spent there. The organisers would not have it any other way this year, either. Festival-goers are expected to spend HUF 3.3 billion at the VOLT Festival in Sopron (northwest Hungary) and Balaton Sound (in Zamárdi at Lake Balaton), generating HUF 760 m tax revenues and about HUF 840 bn in extra wage payment in 2009."
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