Catering Industry Turnover Down 7% In Hungary

  • 29 Aug 2020 8:28 AM
  • Budapest Business Journal
Catering Industry Turnover Down 7% In Hungary
Catering industry turnover in Hungary was at just over 93% of last yearʼs level in the third week of August, conservative daily Magyar Nemzet wrote, citing data from tills connected directly to the tax office.

State Secretary for Tax Affairs at the Ministry of Finance Norbert Izer noted that the tills data showed that catering industry turnover had fallen to HUF 26 billion in April, while the country was under lockdown to contain the spread of the novel coronavirus, from HUF 82 bln in the same period a year earlier.

He added that the tills data, which offers a real-time picture of turnover in various segments of the economy, played an important role in shaping government measures to shield against economic fallout from the pandemic.

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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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