This year’s Coop Rally ended in Siófok

Group photo of the winners and special awardees

László Pekó, Chairman of the Board of Co-op Hungary Zrt. commented on the margin cap measure:

“Selling with a 10% margin is not an easy task.” Regarding the government’s support of village shops with 3 million forints, he said that in its current form the Coop group cannot fully utilize this measure. “I trust that a solution will be found sooner or later.”

Responding to these concerns, Minister of Agriculture Dr. István Nagy said:

“I know, I see, I feel” the issues raised. At the same time, he emphasized: it was necessary to find a tool that could fairly keep prices under control. This is what the margin cap is about.” He also stressed that the government is aware that this measure places a greater burden on shops operating in small settlements than on the discount stores in cities. “That is why the government has introduced the possibility for small-town shops to receive a 3 million forint compensation, which they can use for modernization, investments, cash registers, or software.”

Referring to the difficulties caused by the de minimis rule, he added: the government’s intention is that every single shop should have access to the 3 million forint support.

Dr. István Nagy

The Ministry of Agriculture’s special award was accepted by Márk Szabados, Managing Director of Mogyi Kft.</caption]

The Ministry of Agriculture’s grand prize was accepted by Andrea Prohászka, Managing Director of Tutti Kft.</caption]

László Pekó</caption]