Decreasing prices at Slovakian retailers

After the chains in Slovakia are already advertised products that are cheaper than in Hungary, the Slovak retailers also began to decrease its prices.

In the first quarter of 2009 retail turnover decreased by 7.5 percent in Slovakia, due to the shopping tourism into the the neighboring countries. The 30 percent weekening of  the Hungarian, Polish and the Czech currencies in relation to the euro lead the slovakian customers to shopping tourism. According to Peter Mihók President of the Slovakian Price Chamber the gap between the Slovakian and the Hungarian retail prices begins to close which may contribute to the traffic recovery in Slovakia – reports Napi Gazdaság.