Real Hungaria news

28 January 2016
The Hungarian government is considering the introduction of a new Polish-style tax on retailers, as well as restrictions on the sale of alcohol in supermarkets, according to local reports. ‘High-turnover’ chains could be affected by retail tax According to Kristóf Szatmáry, Minister of State for Economic Regulation at the Prime Minister’s Office, if the new Polish retail tax proves...
18 December 2014
Impacting retailers, manufacturers and shoppers alike, Hungary has passed legislation resulting in the closure of supermarkets on Sundays from 2015. This follows other new legislation, which requires retailers with revenues over HUF 50 million (EUR3.6m) but have not made a profit in the last two years to cease trading. Smaller stores and select others exempt from closure Under the legis...
10 December 2014
Having passed legislation that affects international retailers; Hungary is considering legalising the closure of supermarkets on Sundays from 2015, in a move that is likely to affect national and foreign players. Next week, the Hungarian parliament are expected to vote on a draft bill. Prime Minister Viktor Orban ‘wants to protect the Christian day of rest’ According to Reuters , the Hunga...
20 November 2014
Hungary’s Economy Minister, Mihály Varga, has submitted a draft bill to Hungary’s Parliament, which could seriously affect foreign grocery retailers Tesco, SPAR, Auchan, Metro Group and Aldi. What does the bill say? The draft bill sets out the following regulations: ‘Commercial business which: a) generates more than half of its net revenues from the sale of FMCGs b) has net...