The state can win 20 billion, while the chains can lose 40
The state can achieve at least twenty billion HUF tax revenue, if the large supermarket chains would be required to employ vendors to every seventy square meters, regardless of whether they need it – Népszabadság Online wrote.
Vámos György, Secretary-General of the National Retail Federation (OKSZ) estimates that as the result of the government plan, the large employers need to hire about 25 thousand people. Calculated at minimum wage – which is 105 thousand HUF currently – it will be a 40-45 billion HUF additional cost to the stores on industry level, which will be be paid by the customers. (nol.hu, Batka Zoltán)
Related news
Lázár-Ministry launches another wave of store closures
In Hungary, commercial investments have fallen by more than 10…
Read more >OKSZ on inflation: We don’t do this!
Compared to April, food prices rose by 0.6 percent in…
Read more >OKSZ commented on the latest data from the Central Statistical Office of Hungary (KSH)
Based on the turnover in food and food-type mixed retail…
Read more >Related news
Promotions, prices, alternatives – promotions and Hungarian households
Tünde Turcsán, managing director of YouGov spoke about how Hungarian…
Read more >K&H: investors will receive a missing compass
The K&H Securities – Investor Sentiment Index has been launched,…
Read more >Garlic on European markets: Why a bountiful Chinese harvest doesn’t guarantee low prices?
Although China is set to record a bumper garlic harvest…
Read more >