EXIT Festival

EXIT Festival’s Potential Departure from Novi Sad Sparks Economic Concerns

The possibility of EXIT festival leaving Novi Sad signals not just a loss of a cultural event but a significant disruption to Serbia’s tourism framework, which has been cultivated over two decades. The festival has contributed more than €270 million to the Serbian economy, marking it as a key player in generating substantial economic activity. Since its establishment, EXIT has consistently produced annual revenues between €20 million and €25 million through direct local spending across various sectors, including tourism, accommodation,…