Youth org seeks referendum against Olympic bid
Momentum Mozgalom, a Hungarian youth organization, has launched a campaign against Budapestʼs bid for the 2024 Summer Olympics, entitled NOlimpia, seeking to launch a referendum on the issue, according to their Facebook page.
The movement is seeking to hold a referendum with the following question: “Do you agree that the Municipality of Budapest should withdraw its bid from the organization of the 2024 Summer Olympic and Paralympic Games?”
The capital’s election committee (FVB) has authenticated the question above, and the organization expects to start collecting signatures soon. Some 138,000 signatures are required in order to hold a referendum among Budapest citizens.
There have been several attempts for a countrywide referendum by opposition political forces to prevent the capital’s bid for the games, claiming that the country’s economy is not ready for such an event.
Hungary has lately been pumping more and more money into Budapest’s bid to host the 2024 Summer Olympics. Currently the Hungarian capital is competing against Los Angeles and Paris, after Rome and Hamburg decided to withdraw their bids, the latter after a referendum. Although there were initiatives in Hungary to hold a referendum on the matter, these were not approved by the National Election Commission.
Policymakers Cut Central Bank Base Rate by 50 bp to 7.75%
Bulgaria's Household Income, Spending Rise 20% in 2023
Spar Magyarország Revenue Climbs Close to 16% in 2023
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
