Tension growing in catering industry

Food

For businesses operating in and around Budapest, domestic tourism in the summer did not bring any outstanding business, as many local guests chose instead to slip down to Lake Balaton, László Kovács, president of the Hungarian Catering Industry Association (MVI), told Világgazdaság.

Entrepreneurs are frustrated and increasingly tense, job retention subsidies are no longer enough, and business retention is at stake, he said.

The owners of the companies that are now living on credit, which are running out of reserves, are waiting for help from the capital, local governments and the government.

One-fifth of the 50,000 domestic restaurants, roughly 10,000 units, operate in Budapest, where thousands, mostly micro and small enterprises, have found themselves in a tragic situation due to forced restrictions, vg.hu notes

ADVERTISEMENT

EU-funded fact-checking website in Hungary launches Analysis

EU-funded fact-checking website in Hungary launches

General elections to be held on April 3 Elections

General elections to be held on April 3

Microsoft Hungary head Chris Mattheisen discusses the Vatica... Podcasts

Microsoft Hungary head Chris Mattheisen discusses the Vatica...

Most districts not planning mandatory vaccination at kinderg... City

Most districts not planning mandatory vaccination at kinderg...

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.