IKEA to open new Budapest store in spring

Retail

The Hungarian branch of Swedish furniture retail giant IKEA  expects its third store currently under construction to open in the spring, communications director Eszter Varga-Nagy told Hungarian news agency MTI Tuesday. The new store is in the Soroksár neighborhood of southern Pest.

IKEA is planning to add more than 300 staff to its payroll in the country with the opening of the store, Varga-Nagy said, adding that hiring will start in September. She added that currently the store is 70% complete.

The store, which will have a total area of 34,000 square meters, is being realized within the framework of a HUF 16.8 billion investment, Marek Feltl, the managing director of IKEAʼs Hungarian unit, said at the cornerstone-laying ceremony in June. He noted that the firm’s sales in Hungary reached HUF 47 bln in its previous business year ending August 31. 

ADVERTISEMENT

Farm, food industry confidence improves slightly in Q2 Analysis

Farm, food industry confidence improves slightly in Q2

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.