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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

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 […]

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 […]

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 […]

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 […]

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 […]