Ministers: Hungarian govt committed to Formula 1

The Hungarian government is committed to maintaining, strengthening and further developing the Formula 1 Grand Prix, Kristof Szalay-Bobrovniczky, the defence minister, said at the 40th Hungaroring event at Mogyorod.

He said F1 chief executive Stefano Domenicali had expressed his satisfaction with the quality and the speed of the renovation of Hungaroring, adding that Hungary was proud to have provided a high-standard event for spectators over the past 40 years.

The minister said 300,000 people are attending the weekend event and close to 100 million viewers have tuned in from around the world, adding that Formula 1 provided a good opportunity to showcase Hungary while also enhancing its economy.

Peter Szijjarto, the minister of foreign affairs and trade, said Hungary was justifiably proud of its revovation of the Hungaroring, which took place over a single year.

After talks with Domenicali, he said the whole world of F1, its management, rights-holders and teams were highly impressed by the revamped racetrack, adding that promoters of other races at Hungaroring today were looking carefully to implement lessons learnt from Hungary "at different locations around the world".

Not a single race was missed in Mogyorod despite the renovation, he added.

Notwithstanding the high-tech additions, the track retained its Hungarian character, he said.

Owing to the investments and political commitment, F1 leaders were thinking about the period after 2032, he said, adding there was a fair chance that Hungary would remain a part of the racing calendar.

Szijjarto said "technical issues must be clarified", but the world-class developments had been made with the post-2032 period in mind, and it was understood at the meeting that "the most spectacular sports infrastructure development in the world this year is Hungaroring".

He said the weekend race added 25-30 billion forints (EUR 63m-75m) to the economy. "Visitors, services bought here and PR for the country all contribute to economic performance," he said.


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.