New Report Available: Cafes/Bars in Hungary
Due to stagnation in 2012, still weakening purchasing power and VAT increases, value sales and transaction numbers decreased in 2012 within cafes/bars. The impact was more severe for domestic independent players because large international brands have the resources to survive hard times. Cafes/bars faced a situation whereby the purchasing power of middle and lower income consumers weakened even further due to the deepening of the credit crisis and lower employment rates. Bars/pubs and cafes are...
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