March 03, 2010 08:59:25 GMT
Because of recession, promoters of 2010 B'estFest scrapped the three-day top festival which was initially set to be held in the capital city of Bucharest in July.
A top Romanian rock festival set to feature dance stars Faithless has been canceled after falling victim to the struggling economy. The 2010 B'estFest was due to be held in the capital city of Bucharest in July, but organisers announced this summer's three-day event would not be going ahead because of a lack of funds.
A statement released by Laura Coronianu, CEO of festival promoters Emagic, says, "Because of the recession still affecting many branches of global economy, B'estFest's organisers, Emagic, has made the decision to postpone this year's edition."
"An event of this size has enormous costs, which cannot be supported exclusively by ticket selling, on this market affected by cuts in the marketing and advertising budgets."
However, Faithless fans will not be let down - the British band has agreed to go ahead with plans to perform in Romania and have announced a concert on July 16, when they were expected to take to the stage at B'estFest. B'estFest has attracted more than 150,000 music fans each year since its launch in 2007.