F1 more expensive for Hungary

Parliament

The weakness of the Hungarian forint makes the upcoming Formula 1 race held in Mogyoród more expensive too, business daily Napi Gazdaság reported. The government had to top F1’s HUF 4.2 billion state subsidy with another HUF 1.3 billion to pay the $ 22 million license fee. Hungarian F1 company Hungaroring Zrt says that the state investment is fully recovered through the extra tax income generated by the race but the survey on which the assumption lies has been questioned by experts, the paper added.

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