Trademagazin > News and articles > Market News > Surtax and the economic crisis: Spar and Auchan did not have a good year
Surtax and the economic crisis: Spar and Auchan did not have a good year
Partly due to the special tax, and partly because of the crisis, most commercial chains operating in Hungary suffered a loss in 2010.
The Annual Report of Spar Hungary Ltd. for example shows a minus 26 billion HUF, while Auchan had an 8.5 billion HUF loss. CBA, which paid a much lower rate of special tax closed the year with one billion HUF profit – reports mfor.hu.
Related news
More related news >
Related news
You can still save, but not on all margin-stopped products
Although the effect of the Hungarian price caps is starting…
Read more >More than 13 tons of donations were collected at the joint Easter campaign of NOE and CBA
More than 13 tons of donations were collected during the…
Read more >Frosty spring, severe damage: fruit harvest could collapse in 2025
The April frosts caused serious damage to Hungarian fruit production:…
Read more >