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Sales Declining at Spar Hungary
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The food trade chain records declining sales in Hungary - for the first time in its history.

Spar operates in Hungary since 1990. In 2010, Austria´s second biggest food trade chain has to report declining results. In the last year, sales amounted to € 1.41bn. Thus, the number decreased by 4.04%. What is more, Spar has to pay special taxes, which have been recently introduced by the new Hungarian government. The tax burden rose by 60%. As a result, Spar intends to layoff 700…
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