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 […]
In May, Suzuki again registered the highest number of new passenger cars sold in Hungary: 1,564 vehicles, 13 more than in April. This means that it has gained 14.62% of the market, the business daily Világgazdaság reports. The newspaper notes that compared to the last two years, the brand had the largest share in May […]
Having reached the significant milestone of having 3,000 stores worldwide, JYSK, a Danish retail chain selling household goods such as mattresses, furniture and interior décor, has set itself the next target: 5,000 stores in total. This means that the store chain will soon need a lot of new store managers. A major Employer Branding campaign […]
As a result of the coronavirus epidemic, consumer habits have changed and the composition of the consumer basket has also changed, according to a new survey. A research conducted by Mónika Garai-Fodor, Dean of the Károly Keleti Faculty of Economics at the University of Óbuda and Ágnes Csiszárik-Kocsir, Deputy Dean for Research shows that the […]
Local currencies used in parallel with the Hungarian Forint (HUF) are the tools of rural settlements to stimulate the local economy, keep money in place and keep jobs. Perhaps the most successful example of this today is the Bocskai Crown (BK) from Hajdúnánás. The mayor of the northeastern Hungarian town, Tibor Szólláth told the business […]
