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Spar Invests EUR 78 Million in Hungary This Year

Júlia Tar 2022.08.05.

Spar is investing EUR 78 million (about HUF 30.7 billion) in Hungary this year, the grocery chain told MTI on Thursday after opening its newest store in Szigetszentmiklós.

This article was originally published on our sister-site, Ungarn Heute.

According to the report, the new Spar store was completed at a cost of HUF 820 million (more than EUR 2 million) forints, and 21 new jobs were created.

Last year, six new company-owned stores were opened, 18 stores were renovated nationwide, and the franchise network was expanded by 30 stores. At the end of the year, the company had 614 stores, 35 Interspar hypermarkets, 345 supermarkets, and 234 franchise stores. Earlier this year, it was announced that the company had spent more than HUF 6.5 billion (about EUR 16,500) on the renovation of four of its stores.

The company’s newest Spar to Go unit features a modern sales floor, energy-saving equipment, self-service checkouts, LED lighting, and an environmentally friendly carbon-based refrigeration system, they announced.

101 parking spaces have been created in front of the store.

Spar Magyarország Kereskedelmi Kft. achieved sales of HUF 791.8 billion (more than EUR 2 billion) in 2021, an increase of 7.2 percent compared to the same period last year. The number of employees reached 14,500 last year. Spar is the second largest player in the Hungarian fast-moving consumer goods (FMCG) market.

Source: MTI

Featured image: illustration via László Róka/MTVA


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