PwC: Sunday closures cause concerns

In Hungary

Legislation requiring most retailers to close on Sunday raises more questions than it answers, PwC’s lawyers said at a press event today.

According to experts at PwC, the legislation has a number of discrepancies, and those attempting to abide by the law have raised many concerns. Furthermore, the legislation is not entirely harmonized with the current commercial laws that underpin the sector’s regulations, the experts said.

What makes the issue more contentious is that many of the restrictions have yet to be clarified, the experts added. These include e-commerce, home deliveries and commerce, which takes place outside the shops.

The experts classified wages as another crucial issue, as workers within the retail sector who worked on Sundays received 50% higher wages on that day. Although extended working hours will give them an opportunity to earn above-average salaries during evening hours, employees will still see a drop in their monthly wages.

In the case of facilities that are being rented by retailers, there is the consideration of rent being paid for Sunday occupancy, despite the fact that no income is being generated on those days, the experts noted.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.