Stores are closing in Hungary, now the government has announced it is trying to curb the process

The foundation of trade is trust between people and brands, emphasized by Minister István Kapitány during the European Trade Day event. He highlighted the need for a competitive and consumer-friendly retail sector, adapting to changing consumer habits and rising operational costs. The government aims to support domestic suppliers and reduce market-distorting measures. The sector faces challenges, including a decline in retail stores and the impact of special taxes. The government is working on a comprehensive retail policy focusing on regulatory conditions, infrastructure development, and reducing administrative burdens. Sustainability and digitalization are key challenges for the future of trade.