Founded in 1955, the Athens & Epidaurus Festival assumed its current legal name “Hellenic Festival S.A.” in 1998. Run by a seven-member board of directors for a three-year term, the company operates, according to its founding law, “in favour of public interest by the rules of private economy.” The Festival is financed by a variety of sources, including grants from the state’s regular budget, a percentage of profits from the Parnitha and Corfu casinos, sponsorships, box office tickets, and rental profits. Held annually every summer, the Festival is tasked with organizing musical, theatrical and other types of artistic performances, all of which are meant to contribute to the culture and tourism industry of Greece.
