• Home
• Channel: Shopping
• Coronavirus Costs Store Chains In Hungary At Least HUF 25-30 Billion

Coronavirus Costs Store Chains In Hungary At Least HUF 25-30 Billion

• 8 Apr 2020 1:54 PM
• Budapest Business Journal

In addition to rising purchase prices and labor costs, direct extraordinary expenses due to the coronavirus epidemic have cost store chains tens of billions of forints so far, secretary-general of the National Trade Association (OKSZ) György Vámos told penzcentrum.hu.

Direct costs such as more frequent cleaning, as well as healthcare, must be taken into account, Vámos said.

Procurement of equipment, materials, printing of information materials, more frequent disinfection of cash registers and counters, the cost of cleaning agents, disinfectants, etc., may have cost department store chains at least HUF 25 bln-30 bln so far, penzcentrum.hu adds.

• How does this content make you feel?
• I love it
• I like it
• I dislike it

• Coronavirus Store Chains

XpatLoop Media Partner

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.

Explore More Reports

Ultra-Cheap Store in Budapest Closed by Russian Retailer Mere

• 17 Aug 2026 10:34 AM

With its warehouse-style layout, goods stacked on pallets and exceptionally low prices, Budapest's Basket Plus offered a very different shopping experience from Hungary's established discount chains. Now, just eight months after opening, the store has closed.



Tesco to Close Major Budapest Hypermarket

• 27 Apr 2026 11:45 AM

Tesco is shutting down one of its prominent Budapest hypermarkets, marking another visible step in the reshaping of Hungary’s grocery retail landscape.



Pilot Shopping Project: Tesco Launches First Premier Store in Hungary

• 3 Oct 2025 8:47 AM

Tesco has opened Hungary’s first Premier convenience store in Csepel, signalling a new direction for the retailer as it faces growing competition from discount chains such as Lidl.



Will Pepco Leave Hungary?

• 4 Aug 2025 5:08 PM

Polish discount retailer Pepco has denied any plans to withdraw from the Hungarian market, following reports of store closures in Germany.