GKI Digital: online retail business grew by 21.4 percent in the first quarter
They added that although a decline in purchasing power and an economic recession are expected in the second half of the year (during which Hungarian GDP may fall by around 3-7 percent by the end of the year), they expect only rearrangements in annual online traffic rather than drastic changes. It is believed that the increased online customer base and the increase in the number of order in the first two quarters could help online commerce keep pace with accelerating growth in the second half of the year, so the market is projected to grow this year by about 25 percent. (MTI)
Related news
Strict regulations and measures remain in place due to the COVID-19 virus
The National Food Chain Safety Office (Nébih) draws attention to…
Read more >The eradication of colonies infected with RSZKF disease has been completed
The culling and disposal of infected herds in the farms…
Read more >People in Slovakia have started hoarding milk
The new hotspots of the foot-and-mouth disease epidemic in Slovakia…
Read more >Related news
Viktor Orbán: we will introduce margin reduction for new products as well, if necessary
The margin regulation must be maintained because people must be…
Read more >Healthy meat products rich in fiber and protein have been developed in Debrecen
A new product line consisting of health-promoting, fiber- and protein-rich…
Read more >German retail sales fell month-on-month in April
In Germany, retail sales fell by 1.1 percent in real…
Read more >