Budapest’s Vidám Park will not open its gates this spring and could go bankrupt in the autumn, the tabloid Blikk reported on Monday. The 60-year-old park is battling a Ft 70 million deficit.
Management wants to sell the Ferris Wheel and Top Spin rides and then lease them back in order to solve liquidity problems, but Budapest city council’s cultural committee refused to approve the business plan.
CEO Tamás K falvi blamed the financial difficulties on a drop in the number of visitors to 370,000 last year from 422,000 in 2008.
Poor financial management by the company is also responsible for the near bankruptcy, according to Magyar Hírlap.
Who needs amusement parks when you have the Hungarian tax system. Oh how we laugh at the end of every month when our pay checks arrive.
“Poor financial management by the company is also responsible for the near bankruptcy”
Nothing to do with business conditions here so that, like most companies, surviving is almost impossible. That and the fact that the roller coaster looks like it’s about to collapse.
Why do we need two amusement parks in Budapest anyway? The MSZP supply all the fun and games we will ever need or want. Trouble is, they are a bit more expensive!
You’re a jolly bunch aren’t you?
Hungarian people don’t have good business strategy,
they lack business negotiation skills and are lazy.
Moreover very high tax by the hungarian Gov….kills
all the business plans too. no profit at all..