Hungary's top five export markets were Germany, Italy, Romania, Austria, and Poland in the first half of 2024.Continue reading
Lidl Hungary plans to increase the number of its stores in Hungary from the current 210 to 250 in the next few years, with its latest store opening in the capital’s agglomeration, the chairman of the board of the company announced at a press conference.
Zita Szlavikovics, speaking at the event organized to mark the 20th anniversary of Lidl’s activities in Hungary, said that besides Budapest, Lidl stores can now be found in all counties and cities. The Hungarian stores are supplied from four logistics centers, and the foundation stone has already been laid for the fifth center, to be built in Kiskunfélegyháza with a HUF 50 billion (EUR 122 million) investment. The logistics center is scheduled to open in 2026, she said.
She pointed out that Lidl is the ninth largest employer in the country with 9,500 employees. The number of purchases at the supermarket chain will reach 180 million this year. Taking into account the 4,000 households, she said
Lidl’s market share in Hungary was 20.8 percent in September this year, according to a survey by market researcher GfK.
Zita Szlavikovics noted that Lidl is a member of the Schwarz Group, headquartered in Germany, which gives it a presence in Europe and North America with 13,900 stores in 32 countries. As a result, if a supplier in Hungary meets the requirements of the supermarket chain, it will have the opportunity to open up to Lidl’s export markets in 32 countries. She pointed out that while in 2016 Lidl exported EUR 24 million worth of products from Hungarian suppliers to foreign markets, last year it was EUR 338.2 million.
Zoltán Nepp, Lidl Hungary’s managing director of purchasing, emphasized that
the number of Lidl’s suppliers in Hungary had increased by 73 percent in 10 years to 487, accounting for 61 percent of the chain’s supply.
Via MTI, Featured image: Wikipedia