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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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'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 […]
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 […]
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. […]
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 […]
The Danish household goods retail JYSK chain has opened its first large-format, 900-square-meter store in the city center of Budapest. The company is expanding despite the coronavirus epidemic: it currently has 88 stores in Hungary, four of which opened this financial year and three more planned for the next. JYSK employs more than 800 people in […]
The need for own cars and independent mobility is becoming more and more important in Hungary, and this is reflected not only in the growing interest in new cars, but also - and especially - in used cars. Growing demand and the rising cost of replacing cars on the market have also led to a […]
Hungarian grocery stores achieved significant growth in May 2021, with sales up 20% compared to two years earlier, the news site napi.hu reports. Retail sales increased in May, according to the latest figures from the Hungarian Central Statistical Office (KSH) based on online checkout data. The grocery store revenues were not compared to May last […]
In April 2021, the volume of retail trade increased by 9.9% in raw data and by 10.6% in calendar-adjusted data, compared with the same period of the previous year, as a result of the gradual lifting of restrictions from mid-month, and the low point in April last year. In April, calendar-adjusted sales volumes rose by […]
