Hungary's second-largest retailer Spar, incurred a loss in 2024 for the third consecutive year, weighed down by windfall taxes and state-imposed price measures that have hit its bottom line.

The retailer allocated a budget of €4.85m towards the refurbishment of five of its supermarket locations in the country.

But with big European chains like SPAR, Lidl and Tesco dominating Hungary's retail sector, the government resorted to introducing protectionist measures, including a tax on superprofits as well as ...

April 25, 2024 Hungary says it will sue Austrian supermarket chain Spar for defamation Hungary's government plans to sue Austrian supermarket chain Spar for defamation, Prime minister Viktor Orban ...

Northern Italian SPAR concessionaire Despar Nord saw continued growth in its financial year 2024, achieving €2.78 billion in ...

Supermarket chain SPAR Hungary is financing €14.42m ($16.39m) worth of expansion and modernisation efforts across its store network throughout the country. The investment includes the ...