Recently Released Market Study: Consumer Foodservice in Hungary
Despite promising signs the previous year, there was no return to growth in consumer foodservice in 2012. While the economy was expected to start growing, it instead stagnated in 2012 as a result of the deepening domestic debt crisis. As a result, unemployment remained high while further austerity measures had to be introduced. The raising of VAT at the beginning of 2012 to 27% and steeply rising food prices reduced the spendable income of customers. As a result, consumer foodservice...
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