Hungary to Fund Contemporary Art Collection

BUDAPEST—Culture minister Istvan Hiller announced on Tuesday that the ministry will provide up to 50 million forints ($300,000) each year for a new contemporary art collection, reports the Budapest Times. 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.