Giro d'Italia to cost Hungary more than EUR 24 million

Portfolio
The 2020 Giro d’Italia will begin in Budapest with another two stages also being held in Hungary, organizers confirmed on Monday. The cabinet earmarks no less than 7.8 billion forints (EUR 24.32 mn) in the central state budget for the race.
Two decrees relating to Giro d’Italia have been published in the Official Gazette, saying
  • three stages of the one of cycling’s three major races will be held in Hungary;
  • up to HUF 80 million needs to be earmarked in the central state budget for promotional purposes;
  • HUF 2.2 bn needs to be ensured for the organisation of the race in the relevant chapter of the Ministry of Human Capacities, of which HUF 1.6 bn needs to be provided by 26 April, and the remaining HUF 600 mn as cost items arise;
  • the Finance Minister needs to make sure HUF 5.5 billion is available in the 2020 budget for the organisation of the three stages of Giro d’Italia
  • an Organisational Committee will be set up that will be a body of reflection, recommendations, and advice.


The race will start outside of Italy for the 14th time. Athens, Amsterdam, Belfast and Jerusalem are among the cities that have hosted the Grande Partenza before.

Organizers said further details, including where the three Hungary stages will be held, will be given in June. This year, the Giro — the first of the year’s three grand tours — starts in Bologna on 11 May and finishes on 2 June in Verona.

Budapest hosted the World Swimming Championships in 2017, and it will also hosts the World Table Tennis Championships later this month and four games at Euro 2020.

Cover photo by MTI/EPA/Alessandro Di Meo
 

More in Economy

máv vasút vonat új dán dízelmozdony dsb tme henschel dízel mozdony saját viking
September 16, 2025 16:56

Hungarian railways report improved punctuality in August

This is usually the weakest month

dolgozo
September 16, 2025 08:40

The larger tax break is already visible in Hungarian earnings

Gross average wage close to HUF 700,000

GettyImages-1420139946-árfolyam-energiaár-energiapiac-energiaválság-Európai-Unió-gáz-gazdaság-tőzsde
September 15, 2025 12:03

EU gas storage facilities lag significantly behind, filling progress slow

Well below 10-year average

LATEST NEWS
Charting is displayed using TradingView's technology, a platform, where you can build advanced charts, spot upcoming trends in the stock screener, and find inspiration in multiple trading ideas

Detailed search