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A Lot of Shops Have Disappeared in Hungary

Oct 2, 2021

Over the past five years, 18,000 shops have closed in Hungary, leaving a retail network of 116,000 shops at the end of last year. And there are huge differences in daily spending across the country, the business news site reports. The number of retail outlets including tobacco shops has decreased significantly in recent years, […]

3.0% Annual Growth in Retail Sales in Hungary

Sep 3, 2021

In July 2021, the volume of sales in retail trade increased by 2.5% according to raw data and by 3.0% when adjusted for calendar effects compared to the same period of the previous year. According to figures published by the Central Statistical Office this Friday, calendar-adjusted sales volumes rose by 3.7% in specialized and non-specialized […]

Surplus in Hungarian External Trade of Services

Aug 30, 2021

In the 2nd quarter of 2021 service exports calculated in EUR increased by 21%, while its imports decreased by 3.4% compared to the same quarter of the previous year. The surplus was EUR 1571 million, EUR 983 million more than in the 2nd quarter of 2020. As reported by Hungary's Central Statistical Office (KSH), the […]

Consumer Behavior During the Pandemic

Apr 26, 2021

Turnover data at Vivre, an online retailer for home and lifestyle in Central and Eastern Europe, show important changes in consumer behavior in the year after the pandemic outbreak (March 2020 - March 2021) compared to the same period last year. This change was observed of Vivre customers in all nine countries where the company […]

Used Car Prices Shoot Up in Hungary

Apr 20, 2021

Search statistics on the used cars website Használtautó.hu show that in the pandemic situation, more and more people are looking to buy a car. In addition to rising prices, there is an increasing interest in cheaper models. The domestic car fleet, which is on average 14.7 years old, can only be renewed – in part […]

SPAR: More Private Label Brand Items on the Shelves

Apr 12, 2021

Today, Spar Hungary sells a total of 3,600 own-brand products in its stores in 31 product categories in Hungary, and this year, the range will be further expanded, the store chain's communications manager, Márk Maczelka said on Monday. It is planned that 300 new own-brand products will be on the shelves, Márk Maczelka is quoted […]

Decreasing Used Car Imports

Apr 6, 2021

A total of 30,971 used cars were imported into the country in the first quarter, down 18% from the same period last year. In March, the decrease was 11%. Almost a third of imported used cars are made up of three brands: Volkswagen 10.6%, Opel 10% and Ford 9.7%. While nearly 40,000 used cars flowed […]

All-time Record Revenue at AutoWallis in 2020

Apr 2, 2021

AutoWallis has closed another banner year, with its revenue increasing by 17% to HUF 88 billion in 2020. However, the company expects even such a major expansion to be only a minor step ahead of the 2021 leap. Namely, the revenue of the stock exchange automotive company may present a nearly threefold increase when compared […]

AutoWallis to Acquire Most Modern Car Dealership

Mar 16, 2021

AutoWallis has announced it will gain possession of one of the largest and most modern BMW dealerships in Central and Eastern Europe, housed in a building boasting unparalleled architectural solutions. Having concluded an agreement on the acquisition of DALP Ltd., the company owning the property at 95 Hungária körút in Budapest, AutoWallis Plc., will be […]

Falling New Car Sales in Hungary

Feb 2, 2021

New car sales in Hungary started to decline somewhat in 2021: 12% fewer new cars were sold in the first month of this year than in January 2020, which was still epidemic-free. In January this year, 8,867 new passenger cars were sold, including 154 electric and 245 plug-in hybrid models, according to data by the […]

Online Sales Thrive in Hungary

Jan 7, 2021

Hungarian retail sales went into the red. The turnover of grocery stores also increased only moderately. However, online stores surge. In November 2020, the volume of sales in retail shops decreased by 0.3% according to raw data and by 0.8% when adjusted for calendar effects compared to the same period of the previous year, according […]

Domestic Values Important at Lidl

Sándor Laczkó
Jan 4, 2021

In order to support domestic producers and further expand its supplier partner range, Lidl Hungary is launching a complex educational program called ‘Lidl Academy Plus’. The training focuses on the development of prospective partners, where market participants joining the program can not only participate in sector-focused professional presentations and forums, but also receive a supplier […]

Budapest Airport: Growing Importance for Turkish Cargo

Nov 12, 2020

Turkish Cargo, one of the largest cargo airlines in the world, has announced that it is increasing the frequency of its dedicated cargo flights on the Budapest route to four a week in the winter season, and the airline will open the offices of its Eastern Europe Regional Directorate at the BUD Cargo City. A […]

Records in the Car Market in July

Aug 19, 2020

Domestic sales continue to be the main drivers of the Hungarian car market; BMW was overtaken by a Renault. The seventh month did not come as a big surprise in the car market, as there is still a significant deficit in the marketing of new and used cars compared to last year's data, but domestic […]

Sales Volume in Retail Shops Remain Unchanged

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 […]

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