Cinemas to keep malls open

Pharma

Shopping centers with cinema multiplexes are expected to remain open, despite legislation in force from March which would force most large retailers to close on Sundays, due to exceptions to the rule, Hungarian economic daily Napi Gazdaság reported today.

Only shopping centers without cinemas, of which there are few in Hungary, are expected to close on Sundays, Judit Balatoni, chief secretary of the Hungarian Shopping Centre Association (MBSZ), told the paper. She added that the new rules allow for exceptions to be made by government decree and, based on the peculiarities of specific shopping centres, such as their role in the local tourism industry, she added.

Shopping centers are expected to stay open longer during the week in order to compensate for hours lost on Sunday Balatoni said. Sales are expected to edge down once the new rules take effect, but the association believes demand will not change in the long term, she added.

ADVERTISEMENT

Poland: Businesses blocked by unpaid invoices, survey shows Analysis

Poland: Businesses blocked by unpaid invoices, survey shows

Lawmakers approve 2022 budget Parliament

Lawmakers approve 2022 budget

Dentons rehires banking and finance partner Appointments

Dentons rehires banking and finance partner

Budapest hosting 2024 Chess Olympiad City

Budapest hosting 2024 Chess Olympiad

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.