Budapest Observatory has recently made available the English summary of the research conducted in 2004-2005 on cultural festivals of touristic importance, following a tender launched by the National Cultural Fund in Hungary (NCF). This call for research followed the recognition that even the rich and diversified theoretical and practical experience of the National Cultural Fund is challenged by the emerging questions relating to the subsidization of festivals. How is it possible to select between the different needs of support? How can one check if the subsidy was rightly (or wrongly) awarded? And how can decision-makers be persuaded of the necessity to support festivals? The NCF was founded to promote cultural projects: to what extent can it undertake the sustenance of the consolidating festival industry? How to conciliate the interest of culture and tourism in a joint competition system? Tackling these issues and questions, the report contains a review of the survey's results, some important conclusions and proposals. The results themselves - among others, data of this extensive festival survey - are to be found in the appendices of the Hungarian report. The English summary of the report is available HERE.