• Home
• Channel: Shopping
• Boss of Spar Hungary Complains About Her Customers Shopping Abroad

Boss of Spar Hungary Complains About Her Customers Shopping Abroad

• 21 Feb 2024 6:42 AM
• Hungary Around the Clock

Hungary’s 27% VAT rate is undermining the competitiveness of Spar, in part by encouraging cross-border shopping, president Gabriella Heiszler of the subsidiary of the Dutch retail chain told Pénzcentrum in an interview.

“Hungarians living along the borders are happy to go to the shops abroad, which overall causes a noticeable loss in many product categories and, unfortunately, the high VAT also favours retailers who deal in the grey zone,” she argued.

“We see that households reacted relatively quickly to inflation. Consumption fell, so we could not pass on price increases. As a result, the sale of own-brand, cheaper category products has greatly increased,” said Heiszler.

Despite the geopolitical tensions, she said, the supply of basic food items in Hungary is secure, but pricing is another matter.


You're very welcome to comment, discuss and enjoy more stories, via our Facebook page: 
Facebook.com/XpatLoopNews + via XpatLoop’s groups: Budapest Expats / Expats Hungary

You can subscribe to our newsletter here:
XpatLoop.com/Newsletters

Do you want your business to reach tens of thousands of potential high-value expat customers?
Then just contact us here!
 

Related links

Hungarian Shoppers Are Driving to Romania for Cheaper Prices

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

• Boss of Spar Customers Shopping Abroad

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

Acquisition of Auchan Hungary Gets Green Light in Line with Gov't Aim of Increasing Domestic Ownership in Retail

• 5 Dec 2024 5:49 AM

The final piece of the puzzle has been put in place with the clearance of the acquisition of Auchan Hungary by the Hungarian Competition Authority.



Watch: Unmanned Shops to Be Launched In Hungary This Summer - Video Guide

• 21 May 2024 5:01 AM

In a short time, up to 150 stores could be operating in Hungary without staff. There are many advantages to these kinds of stores, but Hungarian shoppers will certainly have to become familiar with its technology, Világgazdaság writes.



Insider’s Guide: 7 + 1 Top Spots for Second-Hand Shopping in Budapest

• 8 May 2024 12:06 PM

Being the more affordable and sustainable option, thrift shopping is more popular now than ever. Luckily for locals and expats, there are vintage stores all over the city, each one offering something different from the next. This guide provides a list of 8 top places to go second-hand shopping in downtown Budapest. 



Booksellers of Budapest: ISBN Books + Gallery

• 13 Mar 2023 5:59 AM

The idea was to create a space with two main functions: contemporary art bookshop and a nonprofit project gallery. – HLO spoke to Bea Istvánkó, the owner of ISBN books + gallery, an independent contemporary art bookstore and gallery space in Budapest's eighth district.