The annual Hungarian Film Week, which traditionally takes place in Feburary in Budapest, will not happen in 2011, it was announced today.

The announcement follows the news that the body behind the festival, the Hungarian Motion Picture Foundation (MMK) is to have its budget significantly cut by the Hungarian governemt in 2011.

The MMK had decided to postpone the festival until the end of April in the hope of securing funding. But it was revealed today that the event will now not be happening in 2011.

The festival, which showcases Hungarian cinema, would have had its 42nd edition next year. Last year’s big winner was Szabolcs Hajdu’s Biblioteque Pascal.

Éva Vezér, general manager of Magyar Filmunio which organises Hungarian Film Week said; “Hopefully by 2012 it will be realised by the competent decision makers as well how important the event and the timing of our showcase is. So please save the date of February 2012 in your agenda for Budapest.”