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Sales Volume in Retail Shops Remain Unchanged

D&T
Aug 5, 2020

In June 2020, retail stores were already open without epidemiological restrictions throughout the country, so their sales volume increased by 0.8% according to raw data and remained essentially unchanged according to calendar-adjusted data compared to the same period last year. The Central Statistical Office says the volume of sales, adjusted for calendar effects, decreased by […]

Older and Older Used Cars Imported to Hungary

D&T
Aug 4, 2020

In July, the number of used cars imported from abroad exceeded 12,000. Mostly older cars come from the west. In July this year, according to DataHouse, 12,196 imported passenger cars were put on the domestic market, an increase of 13% compared to the previous month and 61% compared to the low in April. With this, […]

Relatively Low Decline on the Hungarian Car Market

D&T
Jul 27, 2020

In the first half of this year, 25.3% fewer new cars were sold in Hungary than in the same period last year. This figure is the most favorable in the Central and Eastern European region, with the decline in the surrounding countries typically being above 30%. In addition to Hungary, it was only the Czech […]

Hungarian Buyers Return to Used Cars Market

D&T
Jul 21, 2020

The number of car ownership changes confirms what the market-leading hasznaltauto.hu ('used cars') searches have shown since mid-May: buyers have returned to the used car market. In June, the market strengthened: 11.5% more used car ownership changes were registered than in June last year, and 66% more than in April. The three most sought-after models […]

Support for Retailers

D&T
May 28, 2020

Many retailers have been adversely affected by the special retail tax re-introduced by the Hungarian government from May this year and the opening restrictions on a significant number of shops from mid-March to mid-May. However, there are state subsidies, tax and financial incentives that can also be applied in this sector. Several of these will […]

Targeting the Japanese Market

Sándor Laczkó
Feb 18, 2020

The Hungarian Export Promotion Agency (HEPA) opened a regional partner office in Tokyo in May last year, assisting Hungarian firms to enter the Japanese market and establish a firm presence there. “Last year was very important in Hungarian-Japanese relations as we celebrated the 150th anniversary of the two countries establishing diplomatic relations. We thought it […]

Christmas Shopping Helps Retail Trade to New Record

D&T
Dec 23, 2019

Hungarian retailers are likely close the year with record sales: the December consumption of the population was expected to reach HUF 1,200 billion, well above predictions, according to the Hungarian news agency MTI. The last weekend before Christmas saw bigger crowds in shopping malls, markets and Advent fairs than ever before. The parking lot of […]

Hungarian Brand Protected in EU-China Agreement

D&T
Nov 11, 2019

Tokaji is the only Hungarian brand among one hundred European products that are protected by geographical indications (GI) in an agreement signed by the EU and China against imitations and usurpation. Tokaj is a historical wine region located in northeastern Hungary and southeastern Slovakia. It was declared a World Heritage Site in 2002 under the […]

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