Tag "OKSZ"
OKSZ’s assessment of food inflation
“The higher-than-expected price increase of food products (4.6 percent even without restaurant prices) shows that the margin freeze is an ineffective tool against inflation in the long term. It cannot...
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Even behind the three percent growth lies uncertainty: stores can’t breathe a sigh of relief
Although Hungarian retail sales increased by 3 percent year-on-year in June, according to those in the sector, this is far from a real recovery. The National Federation of Trade (OKSZ)...
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Retailers protest against the reduction of deposit return fees
The National Trade Association (OKSZ) was shocked to learn that MOHU has unilaterally decided to cut in half the fees paid to retailers operating automated return systems for bottles returned...
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OKSZ: Margin stop sweeps inflation under the transparent carpet
According to three-quarters of the population, food prices are rising in Hungary, and economic policy plays a decisive role in this, meaning that the margin freeze does not achieve the...
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OKSZ commentary on May retail sales data has arrived
According to the latest retail data for May, the temporary demand-boosting effect of the government-imposed margin cap has come to an end, while its negative consequences are beginning to surface...
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Dr Tamás Kozák: “High inflation casts a long shadow”
Our magazine asked Dr Tamás Kozák, general secretary of the National Trade Association (OKSZ) about the current state of the sector. This article is available for reading in Trade magazin...
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Dr. Tamás Kozák: the diagnosis and the proposed treatment are not in harmony with the margin stop
The National Trade Federation (OKSZ) said it regrets that the government extended the official price system without professional consultation, as this swept under the rug the tensions lurking in the...
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Lázár-Ministry launches another wave of store closures
In Hungary, commercial investments have fallen by more than 10 percent, the number of retail stores has decreased by 4,700 in the past year alone, and 400 settlements no longer...
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OKSZ on inflation: We don’t do this!
Compared to April, food prices rose by 0.6 percent in May despite the margin freeze, the Central Statistical Office (KSH) reported. According to data from the National Trade Association, prices...
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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 units in April (3.7 percent), consumer confidence has still not returned to the level it was in the second half...
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The National Trade Association held its general meeting
At its annual general assembly, the National Trade Association (OKSZ) reaffirmed some of its previous office holders and elected new ones. In addition, the assembly approved amendments to the statutes...
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Food Price Margin Reduction Extended Until the End of August
István Nagy, Hungary’s Minister of Agriculture, announced on his official Facebook page that the government has decided to extend the margin reduction on food products until August 31, 2025. The...
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Profitability of trade is decreasing – the government is opening up substantial resources
On May 28, Laurel Számítástechnikai Kft. held its 12th Retail Conference. In his opening speech at the event, which was held this time in the capital, Attila Bessenyei, the company’s...
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The National Trade Association has developed proposals for the elimination of margin-cutting measures
The National Trade Association (OKSZ) has submitted to the government a research study by GKI Economic Research Co. (GKI) analyzing the economic impact of the margin cap, which concludes that...
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OKSZ makes proposals to help smooth the elimination of the margin cap
In order to avoid further uncertainty, the international food retail companies of the National Trade Association are submitting a proposal to the government for a smooth phasing out of the...
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The National Trade Association is preparing a proposal to eliminate margin squeeze
In order to avoid further uncertainty, the international food retail enterprises of the National Trade Federation (OKSZ) are proposing to the government a smooth phasing out of the margin freeze,...
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OKSZ: The margin stop has achieved its goal, it can be phased out at the end of May
According to the National Trade Federation (OKSZ), the inflation data released on May 8 confirm that the margin freeze has achieved its original goal due to the decrease in food...
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NGM vs. OKSZ: consumption is increasing due to margin reduction – claims the government
According to the Ministry of National Economy (NGM), the government’s margin cut did not reduce, but rather substantially increased retail turnover – the claims of the National Trade Federation (OKSZ)...
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The National Trade Association recommends the elimination of margin squeeze
The Hungarian National Trade Federation (OKSZ) is proposing the elimination of margin reduction; the organization does not consider the inclusion of household and cleaning products in the measure to be...
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International and domestic FMCG retail outlook: Tamás Kozák in the Chain Bridge Club
At the February meeting of the Chain Bridge Club Tamás Kozák, secretary general of the National Trade Association (OKSZ) gave a comprehensive overview of international and domestic trends in the...
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OKSZ: the margin stop has achieved the desired effect, it can be exited
The average basket value of the foods affected by the margin freeze has clearly decreased compared to the period before the regulation came into force. At the same time, the...
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OKSZ requests amendment to cash payment proposal
OKSZ requests amendment of cash payment proposal The National Trade Federation (OKSZ) requests the government to amend the draft law on the use of cash, because the draft would make...
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Stability, trust, cooperation – retail players send message to the government
Margin restrictions may jeopardize the stability of supplier relationships in the long term, while gaining the trust of customers and thinking together may be the key to sustainable development, it...
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OKSZ: margin is not profit!
The international food retailer member companies of the National Trade Federation (OKSZ) would like to share the following facts regarding the news published in recent days regarding food inflation. Margin...
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Margin stop: Exaggeration or necessary step? OKSZ’s criticism of the government’s measures
The government’s margin freeze has sparked another controversy in the food retail sector. The measure aims to prevent unreasonably high margins on basic foodstuffs, but according to the National Trade...
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The OKSZ Takes a Stand on the Margin Cap Regulation
Regarding the government’s proposed price regulation measure, the National Trade Association (OKSZ) believes that competition-based pricing is the most effective way to preserve and strengthen consumers’ purchasing power while achieving...
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Márton Nagy negotiated with OKSZ about food prices
We are working to reduce food prices! – the Minister of National Economy announced on his social media page, adding that he consulted with representatives of the National Trade Federation...
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OKSZ also fights against inflation
The food retail member companies of the National Trade Association welcome the Ministry of National Economy’s efforts to closely monitor food price developments in order to protect Hungarian families. The...
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Hungarian Retailers Unite for Charity During the Holiday Season
Seven major Hungarian food retail chains—Aldi, Auchan, Lidl, Penny, SPAR, Tesco, and Metro—are continuing their tradition of supporting those in need during the holiday season. Through donations of food, clothing,...
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Europe’s Day in Commerce: the sector is changing
Europe’s Day in Commerce has been organised for the 20th time, with the National Association of Entrepreneurs and Employers (VOSZ) once again highlighting the strategic importance of the domestic retail...
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