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
GKI analysis: Why do Hungarian households live more poorly than anyone else in the EU?
Imagine that the residents of every EU country shop in…
Read more >KSH: industrial producer prices decreased by 0.7 percent in May 2025 compared to the previous month, and increased by an average of 6.9 percent compared to a year earlier
In May 2025, industrial producer prices were 6.9 percent higher…
Read more >Consumption drives the economy
According to the latest forecast by the Balance Institute, the…
Read more >