Gergely Gulyás said the Hungarian state will save 107 billion forints (EUR 276.2m) with the hosting fee discount negotiated with F1’s commercial rights holder for the contract extension until 2032.
Gergely Gulyás, Head of the Prime Minister's Office, said the ongoing upgrade of the Hungaroring race track is set to cost less than the hosting fee discount Hungary negotiated last year for the extension of the track’s contract to host the Formula One Hungarian Grand Prix.