Track operator Hungaroring Sport’s CEO-president Zsolt Gyulay said "a dream cherished for almost 10 years is coming true" by being able to take over the new buildings and the renewed infrastructure. He noted that the originally planned HUF 78bn budget was not exceeded.

Gyulay said the company has been profitable from ticket revenues 13 times out of the past 15 years, and it does not need state support to maintain the track and organize races.

He said the stands still need to be unified, and the media parking lot needs to be renovated.

The renovation of Turn 14 and the crash area of the track is essential for the future hosting of the Hungarian Grand Prix, and they are confident that they will be able to do this in the future.

State secretary for sport Adam Schmidt said the Hungarian Grand Prix "has been the most visited sporting event in Hungary for 40 years now, with hundreds of thousands of people coming to watch every year, and around 80pc of visitors coming from abroad".

The state secretary noted that tickets for this year’s race have sold out in November and said that last year the Formula 1 race contributed with HUF 26bn to Hungary’s GDP.
 

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

Since the goal of XpatLoop is to keep readers well briefed, right across the spectrum of opinions, MTI items are shared to ensure readers are aware of all narratives within the local media.

XpatLoop believes in empowering readers to form their own views through complete and comprehensive coverage. To facilitate this XpatLoop has a balanced range of news partners, as you can see when you surf around XpatLoop.com

*********************************

You're very welcome to comment, discuss and enjoy more stories via our Facebook page: 

Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here: XpatLoop.com/Newsletters

Showcase Your Business to Expats in the Loop:

As an independent portal we’re grateful to all commercial supporters who help keep you in the loop with fresh insights and inspiration. Do you want your business to reach tens of thousands of potential high-value expat customers? If so please contact us here.