The Straits Times reports that organizers on Tuesday cancelled the fourth B'estFest in Bucharest, Romania in July, traditionally one of Eastern Europe's biggest rock festivals, blaming the economic crisis."Because of the recession still affecting many branches of global economy, B'estFest's organizers, the Emagic company, has made the decision to postpone this year's edition," the group said in a statement. "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," Laura Coroianu, Emagic CEO, said in the statement. MOTÖRHEAD was among the performers at last year's festival. Read more from The Straits Times.
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