Retail Outlets In Hungary Down By 24,000 Since 2010

  • 2 Oct 2020 7:42 AM
  • Budapest Business Journal
Retail Outlets In Hungary Down By 24,000 Since 2010
There were more than 119,000 retail outlets operating in Hungary at the end of 2019, down by almost 24,000 from the end of 2010, the Central Statistical Office (KSH) said in a summary of data published on its website.

In accordance with EU methodology, the data include refueling stations but not vehicle and vehicle parts stores.

The number of outlets has been falling parallel with a continuous rise of retail turnover since 2013, KSH noted.

It added that data from before 2013 is only limitedly comparable because of the national tobacco shops, which opened in mid-2013 to sell tobacco under a state monopoly.

Including these shops, the number of retail outlets was down by 17,800 last year compared to 2010.

MTI Photo: Szilárd Koszticsák

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.

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