Hungarian Culture minister Istvan Hiller announced in early March that the ministry will provide up to 50 million Hungarian forints (EUR 192,000/USD 300,000) each year for a new contemporary art collection. Under a three-year agreement, the ministry will contribute one forint for every two forints donated by the business sector.
The ministry's funding comes with a condition, however: that the contemporary art collection spend 5–10 million forints of the annual funding on works by artists involved in a government-backed scholarship system.
This development is certainly a postive step towards establishing awareness of contemporary art in Hungary.
InterUrbanArt will, through several channels, lobby to place artists that it is working with in this new collection.