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Over 2,000 Retail Outlets Closed in Hungary in 6 Months

D&T
Dec 27, 2022

Many have warned that retail closures could intensify this year, most of which have been put off until the second half of the year due to worsening problems. However, the first half of the year has already seen some very negative numbers, with more than 2,000 retail outlets closing down, the financial website portfolio.hu writes. […]

JYSK's Turnover Up by almost 20% in Hungary

D&T
Nov 29, 2022

JYSK's sales revenue in Hungary increased by 19% to HUF 67.6 billion in the financial year from September 2021 to August 2022, while its EBIT for the whole company amounted to HUF 12.49 billion, an increase of 0.4%, the home furnishing chain informed the state news agency MTI on Tuesday. The turnover of the trading […]

Inflation and Prize Freezes Hit Spar Hungary Too

D&T
Oct 31, 2022

“Cashiers and stockers complain a lot that customers are nervous, that prices are falling because of them," the top manager at Spar Hungary, Gabriella Heiszler, said in an interview with the Hungarian Forbes magazine. In fact, after a purchase, all she could say when seeing the bill is "oh my goodness," she is quoted by […]

Domestic Sales of Used Cars Fell in September

D&T
Oct 19, 2022

Compared to September last year, domestic sales of used cars declined in the previous month, but have been increasing since the beginning of the year compared to the same period last year, joautok.hu [‘Good Cars’] told the state news agency MTI on Wednesday. According to Datahouse, 68,586 used cars were sold in Hungary in September, […]

Dynamic Growth in E-Commerce Sales in Hungary

D&T
Sep 19, 2022

The e-commerce market in Hungary is growing dynamically, with turnover in 2021 reaching more than HUF 1,200 billion, up 32 percentage points in the past year, according to a representative Payment Experience Report, supported by Mastercard, which was published in a statement on Monday. Mastercard's marketing manager in Hungary, Péter Mondovics, said in the statement […]

Used Car Sales in Hungary May Break Last Year's Record

D&T
Aug 19, 2022

By the end of July, 498,800 cars had changed hands on the used car market in Hungary, 5.8% more than a year earlier, and the more active than ever before turnover indicates that last year's record of 817,000 cars sold could be broken, JóAutók.hu [‘Good cars’] reported on Friday, based on data from Datahouse. The […]

Automated Container Store Developed by Kende Gastro

D&T
May 16, 2022

Kende Gastro Plc. has unveiled Hungary's first automated container store using artificial intelligence; the company is the exclusive European distributor of the technology and plans to expand to neighboring countries, Gábor Kende, founder and CFO of the company, told the state news agency MTI. The automated stores do not require staff, including cashiers, and use […]

Sales in Hungarian Retail Shops Up by 9.8% in February

D&T
Apr 6, 2022

In February 2022, the volume of retail trade in both raw and calendar-adjusted data in Hungary was 9.8% higher than in the same month of the previous year, the country's Central Statistical Office reports. In February, calendar-adjusted sales volumes rose by 3.4% in specialised and non-specialised food shops, by 14.6% in non-food retailing and by […]

Retails Sales Up in Hungary by 6.2%

D&T
Feb 3, 2022

In December 2021, the volume of sales in retail trade increased by 6.7% according to raw data and by 6.2% when adjusted for calendar effects compared to the same period of the previous year, Hungary’s Central Statistical Office reports. Calendar-adjusted sales volumes rose by 2.7% in specialized and non-specialized food shops, by 8.7% in non-food […]

Most Hungarian New Car Buyers Prefer Hybrid/Electric

D&T
Feb 1, 2022

When asked about future car purchases, 72% of Hungarian car buyers say they would choose either a hybrid or electric car. This figure is 44 points higher than the percentage of Hungarians who said they would buy a diesel or petrol vehicle (28%). More specifically, 37% would purchase a hybrid vehicle and 35% would opt […]

Best Selling E-Commerce Items in Hungary

D&T
Feb 1, 2022

Online sales of food, household goods and drugstore products grew by almost 45% in Hungary in the first nine months of last year, and this sector grew fastest in online retail in 2021, according to a research by GKI Digital Online Retail Big Picture. According to the summary sent to the state news agency MTI, […]

LIDL Hungary Inaugurates New Logistics Center

D&T
Jan 28, 2022

Lidl Hungary's fourth and largest 62,000-m2 logistics center was inaugurated in Ecser, Pest County this Friday. The company received a HUF 1.2 billion non-refundable investment promotion grant from the government for the HUF 36 billion investment, creating more than 400 new jobs in the region. It was in the summer of 2020 that Lidl Hungary […]

Seamless and Closer to the Customer

Sándor Laczkó
Dec 11, 2021

JYSK, the largest Danish retailer operating internationally, celebrated its 40th anniversary two years ago. Since 2005, JYSK is present Hungary where it continuously expands its store network and will soon have a regional distribution center as well. As JYSK's Country Manager for Hungary, Austria and Greece, Sándor Szimeiszter tells Diplomacy&Trade, “JYSK has been very successful […]

Tesco Celebrates 25 Years in Hungary

D&T
Nov 8, 2021

It was this day in 1996 that saw the opening in Hungary the first Tesco hypermarket, which was unique in the region. On the opening day, the store in the Pólus Center shopping mall was visited by so many people that they waited in queues of hundreds of meters long for hours to get in. […]

Sales in Hungarian Retail Shops Up by 4.1%

D&T
Oct 6, 2021

In August 2021, the volume of sales in retail trade increased by 4.6% according to raw data and by 4.1% when adjusted for calendar effects compared to the same period of the previous year. A fresh report by the Central Statistical Office says that in August, calendar-adjusted sales volumes rose by 1.7% in specialized and […]

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