Thursday, 29 August 2013


Boiled-down public understanding

Yesterday's report, in its entirety, from the English-language news service 

Budapest Pető Institute Nearly Bankrupt

The world famous International Pető Institute for teaching physically disabled children is on the verge of bankruptcy, according to reports. Annual revenues have fallen from Ft 2.2 billion to Ft 1.5 billion, and the institute is losing Ft 20 million each month.

The institute has been one of the most famous Hungarian educational institutions for decades, with considerable demand in English-speaking countries and the Arab world for conductors who completed their studies at the Peto Institute.

However due to a drop in education subsidies and a fall in revenues from international projects the institute has practically been emptied of its funds.

This account is republished verbatim from news digest Hungary around the Clock:

For the moment, this if anything may be the news that international media pick up and pass on.

Further information

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