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 […]

In September 2019, the volume of sales in retail shops in Hungary increased by an annual 6.3%, according to raw data, and by 5.8% when adjusted for calendar effects. The country’s Central Statistical Office reports that the volume of sales, adjusted for calendar effects, rose by 3.0% in specialized and non-specialized food shops, by 8.6% […]

The volume of sales in retail shops increased by 5.8% in August from a year earlier, according to data adjusted for calendar effects, Hungary's Central Statistical Office reports. Sales rose by 3.4% in specialized and non-specialized food shops, by 9.8% in non-food retail shops and by 4.3% in automotive fuel retailing. In January–August, the volume […]

Retail chain ALDI will expand the competence and headcount of its Information Technology service center in Pécs, southern Hungary, the Hungarian Investment Promotion Agency (HIPA) says. The headcount of the center is set to nearly double. The center supports the IT system operations of 3,800 European ALDI stores and 55 logistics centers. ALDI opened its […]

In June, the volume of sales in retail shops increased by 4.3%, according to raw data and by 5.2% when adjusted for calendar effects compared to the same period of the previous year, according to a report published by the Hungarian Central Statistical Office. The volume of sales, adjusted for calendar effects, rose by 2.1% […]

Spar Hungary is investing HUF 23 billion this year in development and has already spent more than HUF 2.1 billion this year in its modernization program, the company told the Hungarian news agency MTI this Thursday.

The French retail chain Auchan expands its services in Hungary, supporting multi-channel merchandise with online ordering stores. That was announced at Thursday's inauguration of a new store in Budapest by Auchan Hungary CEO Dominique Ducoux.