Retail has not shaken by the crisis
While in the first half of the year it appeared that this year wll be about the collapsing of the mass-retail businesses, in the second half, it became clear that the sector is more stable than it was expected.
In the first half of the year 41 percent more retail companies were liquidated compared to a year earlier, but in the second half less liquidations occured than in the same period in 2008 – shows the report of Opten.
In the first half of the year 1219 retail company winding-up proceedings were initiated in Hungary – reports Világgazdaság Online.
Related news
Related news
Sharp price competition and challenges in the Hungarian food industry
Serious price competition has developed on the Hungarian food market,…
Read more >Hungarian customers want a stress-free Christmas: they shop online in advance and spend over HUF 100,000 on gifts
Hungarians plan to spend more than HUF 100,000 on Christmas…
Read more >The rise in food prices has fallen, and no significant increase in prices is expected until the end of the year
In the past two years, consumers in Hungary experienced a…
Read more >