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After more than a year and a half of preparatory work, One Hungary, part of the 4iG group, opened its first "flagship" brand store on Monday in the Westend City Center shopping mall in Budapest, on the site of the former Vodafone brand store.
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The number of tobacco shops in Hungary has never been so low since the sector was restructured in 2013, Index reports. As a result, an increasing number of municipalities have no access to tobacco products – by the end of 2024, 675 municipalities have been without a tobacco shop.
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Budapest reveals a whole new face during Advent time: the city is filled with decorative lights and the scent and melodies of Christmas. There are also lovely Christmas fairs in many parts of the city, all of which are truly wonderful.
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The actual individual consumption of the Hungarian population, calculated at purchasing power parity, was 70% of the EU average in 2023, the lowest in the EU, alongside Bulgaria Eurostat reported.
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Most consumers are actively searching for holiday discounts, according to EY's int'l survey of 13,000 shoppers. The study found that this behavior is especially prevalent among those under 27 (76%) and parents (79%).
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Chinese fast-fashion retailer Shein has publicly denied claims that it has opened a store in a Budapest shopping centre, saying its products are sold exclusively online.
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