Hungary

JÓ NAPOT KÍVÁNOK! (Hello!)
VISZONTLÁTÁSRA! (Bye!)
Land area
93,030 km2
Population
9.9 million
Currency
Hungarian forint [HUF]

The Republic of Hungary is situated in Central Europe, surrounded by the Carpathian Mountains. It shares a border with seven countries and is home to nearly ten million people, one-quarter of which live in the capital city of Budapest. Since 2005, Hungary’s economic growth has slowed down; the global financial crisis has taken its toll on the country. In an effort to build Hungary into a competitive national economy within Europe, the government is aspiring to create new jobs and rework the corresponding legal framework.

Having experienced pressure from many sides in recent years, the retail industry also hopes to see a renewal in the employment market. A high rate of unemployment, a decrease in real earnings and an increase in taxes have dulled consumers’ appetite for spending. Growth potential can primarily be seen among supermarkets, discounters and smaller superstores, which already serve as the main retail formats in Hungary’s retail landscape today.

Travel tips

Restaurant tip

Kistücsök

Bajcsy Zs. u. 25,
8636 Balatonszemes

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Restaurant tip

Rosenstein

Rosenstein Vendéglő
Mosonyi utca 3.
1087 Budapest

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Trader tip

Mister Baraka Ltd.

Dorottya U. 11
1051 Budapest

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Trader tip

Marina Csemege

Danubius u. 12
1138 Budapest

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Hotel tip

Danubius Hotel Gellért

Szent Gellért tér 1.
1111 Budapest

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www.danubiushotels.com

This magnificent art nouveau house at the foot of Gellért Hill is one of the oldest hotels in Budapest. It is located in the same building as the famous Gellért Baths.

This magnificent art nouveau house at the foot of Gellért Hill is one of the oldest hotels in Budapest. It is located in the same building as the famous Gellért Baths.

Hotel tip

Accent Hotel Budapest

Rumbach Sebestyén utca 14
1075 Budapest

Google Maps

www.accenthotels.com

Etiquette

Hungarians celebrate their name day, which is even more important to them than their birthday. Additionally, Hungary is one of the very few countries on earth in which the family name comes before the given name.
While dining in Hungary, people always say “jó étvágyat!” (“enjoy your meal!”) prior to and “egészségünkre” (“to your health!”) following the meal.

Facts & figures

METRO Cash & Carry Hungary

Market entry
1994
Head Office
13
Number of wholesale stores
Budaörs
Number of employees
2,626