Ernst & Young names Sziget music festival head “Entrepreneur of Year”

Consultancy Ernst and Young named Karoly Gerendai, managing director of Sziget, which organises Hungary’s biggest summer music festival, Entrepreneur of the Year at a gala on Sunday evening.

“After paprika and palinka, a new ‘Hungaricum’ was born in 1993. The Sziget Festival shapes and expands the exposure of the domestic market and creates new opportunities for Hungary’s artists’ scene. Karoly Gerendai’s business activities are a decisive factor for Hungarian tourism, Hungary’s international profile and its positive assessment,” the jury said in its decision.

Other entrepreneurs acknowledged at the event were Jeno Esztergalyos, managing director of textbook publisher Apaczai Kiado; Aron Losonczi, the owner of Litracon and the inventor of light-transmitting concrete; and Szandra Sandor, who designs the Nanushka clothing brand.

Ernst and Young presented the Entrepreneur of the Year award for the sixth time in Hungary.