- 14 Dec 2017 7:13 AM
Consumers will also spend around 100 billion forints on food for their holiday meals, he added. Retail sales in the last month of the year could reach 1,050 billion forints, a 4% increase from last year.
The two weeks before Christmas are the busiest time of the year in shops; the 200 billion forints spent on holiday shopping account for about 20% of total spending in December, Vámos said.
Retail chain operators Spar, CBA, Tesco, Aldi and Lidl all told MTI that they projected a big increase in turnover in the holiday period compared with a year earlier.
Republished with permission of Hungary Matters, MTI’s daily newsletter.