An agreement has been reached between the Hungarian Government and the Budapest Municipality regarding the subsidizing of Budapest's theatre companies.
The agreement includes a 4-year subsidy agreement of the Budapest Festival Orchestra. The internationally celebrated orchestra will receive 1650 Million HUF from the state and 240 Million HUF from Budapest in 2020, and from 2021 the grant from the state will be raised to 2 000 Million HUF.
Quote by Ivan Fischer, Music Director of the BFO: "I am very happy, this is a very welcome and satisfactory arrangement which puts an end to years of cuts and uncertainty and allows us to concentrate on the music."
During the present pandemic members of the Budapest Festival Orchestra give a daily online chamber music concert, the Quarantine Soirées and create educational videos to assist schools in online teaching.