ADVERTISEMENT

Survey: Hungary’s e-commerce expands 20%

Retail

pixabay

E-commerce in Hungary increased approximately 20% this year as compared to last year, chiefly due to the Black Friday discount days, Hungarian online daily Világgazdaság said following a survey it conducted.

Online store Extreme Digital told the daily it expected online turnover to expand by 50% this year as compared to the previous year, while the number of transactions rose by 60-70%, CEO Balázs Várkonyi told the daily.

Tchibo’s web store in Hungary is expected to rise by 20-25%, e-commerce director Norbert Németh told the daily, adding that online sales has already exceeded sales of the company’s ten brick-and-mortar stores.

Libri.hu director András Deák said he expects book sales at Libri and Bookline/Shopline web stores to rise approximately 5-10%, while sales at other divisions could be up by 15-20%, the online daily reported.

Community Project Promoting Solar Energy Starts in Budapest Energy Trade

Community Project Promoting Solar Energy Starts in Budapest

Hungary, Switzerland Update Double Taxation Avoidance Treaty Int’l Relations

Hungary, Switzerland Update Double Taxation Avoidance Treaty

Hungarian Unis Advance in QS Ranking Science

Hungarian Unis Advance in QS Ranking

White Party at The Duchess Coming This Weekend Drinks

White Party at The Duchess Coming This Weekend

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.