Aldi to enter Hungarian market

Retail

Although German food retail chain Aldi is to make an imminent debut on the Hungarian market, the company is highly secretive on the specific details of the launch.

The local staff is by now ready for the kick-off, however, Aldi will announce the time of their first shop openings only in the very last minute, the daily Népszabadság reported. Market specialists expect Aldi to open more, than a dozen stores in the beginning of April, mainly in larger towns of Hungary and around Budapest, the paper said. Aldi is likely to open 40-50 stores in its first year, specialists say. The chain is famous for keeping costs very low, by not spending much on advertising, but at the same time offering higher salaries to lure away its competitors’ best employees. (Gazdasági Rádió)

ADVERTISEMENT

PMI rises to 57 in June Analysis

PMI rises to 57 in June

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

MNB and Budapest Institute of Banking executive director Ger... Podcasts

MNB and Budapest Institute of Banking executive director Ger...

FINA head thanks Hungary for hosting 2022 worlds City

FINA head thanks Hungary for hosting 2022 worlds

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.