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Easter Shopping Raises Revenue For Retail Business

Easter Shopping Raises Revenue For Retail Business

Budapest, April 17 (MTI) – Retail turnover in Hungary in the weeks before the Easter holidays grew both in value and volume terms, business daily Napi Gazdasag said today.

Easter shopping could generate 45-50 billion forints (EUR 146-162m) in domestic retail revenue compared to an average of 30-40 billion over the past seven years, Gyorgy Vamos, the Secretary General of the National Retail Association, told the paper. He said the extra spending came solely from items connected with the holidays, such as ham, eggs and alcoholic drinks.

An average Hungarian family spends 16,000-17,000 forints on Easter, which is the second biggest holiday in Hungary after Christmas.



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