ADVERTISEMENT

Share of e-commerce grew 35% in 2019-2020 

Retail

The share of e-commerce in Hungary has grown dynamically in the last decade, according to profitline.hu.

From 2019 to 2020, an increase of 35% was already measurable. The significant increase in online sales was due to the changing consumer habits resulting from the pandemic.

However, a reversal in this area was shown by the State Audit Office (ÁSZ) experts in their latest analysis.

Several forward-looking technological developments have affected e-commerce and the payments that support it, but regulations have not kept pace with developments in all respects.

Sanctions to ensure the protection of consumers and their data have only been developed in the context of national legislation.

Therefore, the ÁSZ analysts drew attention to strengthening consumer awareness to make people responsible when shopping online.

ADVERTISEMENT

Business chamber's biannual business confidence index falls Analysis

Business chamber's biannual business confidence index falls

Parl't elects Orbán prime minister Parliament

Parl't elects Orbán prime minister

New managing director at LG Electronics Hungary Appointments

New managing director at LG Electronics Hungary

Hungary Grande Partenza 'exceeded all expectations' - gov't ... City

Hungary Grande Partenza 'exceeded all expectations' - gov't ...

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.