Online retail sales have grown by a factor of ten in the past decade, György Vámos told public news channel M1.

He noted that the projection for this year does not include online sales of food or services.

Most of the sales are made by Hungarian webshops, rather than Asian or American, he added. Retail sales in December were up at least 4% over the 1,000 billion forints in the same month a year earlier, Vámos said.

Republished with permission of Hungary Matters, MTI’s daily newsletter.