Repavement of Hungaroring begins

Tourism

Wikimedia

Hungaroring Sport Zrt. has launched a repaving project valued at HUF 750 mln, on Hungary’s race track in Mogyoród, near Budapest, which also hosts the Formula 1 Grand Prix, the operator told Hungarian economic daily Világgazdaság today.

Chairman-CEO Zsolt Gyulay told the paper that the costs of the investment are being covered by the company’s own resources. However, the company hopes to receive state funding for a HUF 25 bln overhaul of the track it is planning to undertake in the future, the CEO said.

Hungarian news agency MTI reported that ticket sales generate 80-90% of Hungaroringʼs revenue. The company uses the track about 200 days a year.

Following Hungaroringʼs  loss in popularity over Austria’s Grand Prix last year, the venue saw an increase in visitor numbers this year

ADVERTISEMENT

Business Sentiment Up, Consumer Confidence Down in September Analysis

Business Sentiment Up, Consumer Confidence Down in September

Horthy Statue to be Unveiled in Parliament Parliament

Horthy Statue to be Unveiled in Parliament

UPS Appoints Regional Director Appointments

UPS Appoints Regional Director

Completion of Metro Line M3 Renovation Delayed City

Completion of Metro Line M3 Renovation Delayed

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.