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Sziget festival “city” ready to welcome visitors

Construction work is near completion at the location for the Sziget festival on Óbuda island; one of Europe's biggest festivals is due to officially open Wednesday next week, the business daily Világgazdaság reported.

Construction work took 15 days, with HUF 500 million spent on technical equipment alone, the second biggest item in the festival's budget of around HUF 2.7 billion, the paper said.

The biggest item - almost HUF 1.5 billion - has been spent on programs, including HUF 990 million on the star performers' pay and HUF 460 million on other programs.

This year, HUF 100 million has been spent on advertising the festival in Hungary and HUF 135 million abroad.

Ticket sales account for more than 70% of the festival's revenues. Despite promising initial sales figures, the number of festival passes shows a 5-10% decline, while sales of day tickets are looking better than last year. The festival had 390,000 visitors last year, the paper said. (MTI – Econews)