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Spar Records Losses in Hungary
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The Austrian retail chain operates 400 branches in Hungary. The economic crisis caused substantial losses.

For Spar Group, Hungary is the most problematic region. At the moment, Spar is the number two in Austria´s Eastern neighbor and operates 400 branches. Last year, turnover came at € 1.4bn. The retail chain entered Hungary in 1990 and could expand its branch network rapidly. Spar Group opens 35 new branches per year. In Austria, the market share amounts to 29.6%. In Austria, Spar´s…
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