BUDAPEST: Retailer Spar Magyarország yesterday opened a HUF 317 million unit on Vaci út 34 in Budapest, with a total area of 500 sqm, the company said in a press release.
Spar reportedly said in a statement that the company will focus on expanding its franchise network in the country this year, in line with plans announced earlier.
“The company has invested more than €1 billion in the past 24 years in Hungary, with investments of €55 million only last year,” Spar CEO Erwin Schmuck said at the opening ceremony. The CEO noted that last year’s investments created approximately 800 jobs in the country.
