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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.

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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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