SZÉP card spending jumps in Q1

Figures

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Hungarians spent HUF 84.4 billion using their SZÉP voucher cards in the first quarter, up from HUF 46.6 billion in the same period a year earlier, the Hungarian Tourism Agency said, according to a report by state news wire MTI.

SZÉP card spending reached HUF 23.2 bln in January, HUF 26.8 bln in February and HUF 34.4 bln in March, the agency said.

Employer top-ups reached HUF 102.8 bln in Q1, up from HUF 86 bln in the base period.

SZÉP cardholders still had over HUF 155 bln on their balances at the end of March.

Hungary's government has temporarily eased restrictions on SZÉP card spending, allowing cardholders to buy food in stores and to use top-ups designated for catering, commercial accommodations, and recreation for any such purchases.

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