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According to research by eNET, the net volume of online retail in Hungary totaled HUF 545 billion in 2017, with Hungarian purchases from foreign online stores amounting to a further HUF 400 bln.
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Hungaryʼs Actual Individual Consumption (AIC), a measure of the material welfare of households, was 63% of the European Union average last year, at purchasing power parity, shows a report released Tuesday by Eurostat, the EUʼs statistics office.
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Hungary is among the cheapest countries in the EU when comparing price levels for food, beverages and tobacco, reveals a study by Eurostat, the statistics office of the EU. Prices vary considerably across the EU Member States.
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Food safety authority Nébih yesterday ordered a recall of Jana brand strawberry and guava flavoured mineral water with a sell-by date of February 22-24, 2019, after finding samples tainted.
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According to publicly available figures, small FMCG stores have no chance of competing with multinational chains, which are much better positioned in terms of supply and logistics. Tesco is currently the biggest player on the market, while discount chains continue to increase their share.
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The Hungarian beer market is advancing in terms of both quantity and quality, with annual consumption of some 63-64 liters per head, according to a report by business daily Világgazdaság. Meanwhile, brewersʼ groups are urging a reduction in VAT on draft beer.
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