Almost three-quarters of the population spends less than HUF 50,000 a month on food, a new poll suggests. A survey by Pulzus Research for the business news site napi.hu also suggests that only three of 100 Hungarians have a monthly budget exceeding HUF 100,000. As napi.hu writes, it is a natural reaction on the part […]

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 […]

In September 2020, the volume of sales in retail shops decreased by 1.6% according to raw data and by 2.0% when adjusted for calendar effects compared to the same period of the previous year.  Providing the details, a fresh report by the Central Statistical Office says that the volume of sales, adjusted for calendar effects, […]

Demand for food rebounded during the epidemic. The number of online purchases increased by 15% in the first quarter*, but due to increased consumption, unfortunately, more household waste and wasted food may end up in the trash. While there is more and more talk about a sustainable lifestyle, sustainable transport, many still do not rethink […]

German retail chain Aldi's Hungarian companies will create 250 new commercial, logistics and IT jobs in Hungary by the end of the year, according to Aldi Magyarország Managing Director Bernhard Haider. They are looking for 100 new employees in their stores, and the cold storage warehouse in Biatorbágy, which will be completed in the autumn, […]

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 the first half of June, according to cash register data, store revenues were 3.7% lower than before, which is worse than the 2.6% decrease in May. In addition, people bought less in grocery stores, and the jump in online store revenues is also smaller than the April peak. The survey was made for the […]

Aldi's logistics center in Hungary will be expanded with an 8,800-square-meter cold store, doubling its cold storage capacity in the country, according to an interview with Bernhard Haider, the Hungarian managing director of the discount chain. The company can thus provide a much larger range of refrigerated products to customers, while at the same time […]

In April 2020, the volume of sales in retail shops, including mail order and internet retailing, according to both raw and calendar-adjusted data, decreased by 10.2% compared to the same period last year, the Central Statistical Office reports. Due to the epidemiological emergency, regulatory restrictions were introduced, which also affected retailing, with an impact on […]

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 […]

Tuesday night, the Hungarian government submitted a bill on a special retail tax to parliament. This extends the application of a government decree promulgated two weeks ago. Thus, the tax must not only be paid until the end of the emergency situation due to the coronavirus epidemic, but the Hungarian tax system will be expanded […]

The Hungarian government wishes to put some of the burden of handling the coronavirus pandemic by levying special taxes on banks and retail chains. The latter mainly concerns the multinational retail chains present in Hungary as the Hungarian store chains were made exempt from this tax by the government, according to a new study by […]

The international furniture and home retail chain JYSK has announced to build a distribution center in Ecser, southeast of Budapest, to provide stores in seven countries with goods. Due to this investment worth EUR 200 million, the Danish furniture company is going to create 300 new jobs. Following the opening of its first shop in […]

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 […]