Lidl awaits 29 exemptions from ban on big retail spaces
German supermarket chain Lidl has 29 projects on the “waiting list” for exemption from a ban on construction of big retail spaces in Hungary, Lidl Magyarország chairman Jenő Grósz said on Tuesday. “We hope the fate of the 29 projects on the waiting list will take a positive turn,” Grósz said. A ban on the construction of retail buildings with an area of more than 300 square meters is in place for 2012-2014. However, investors may apply for exemptions to the rule. Lidl has 157 stores in Hungary. Grósz said products from Hungarian suppliers accounted for 54% of Lidl's HUF 186 billion in sales last year. Lidl wants to raise the proportion to 60% by end-2014, he added. Lidl exported HUF 8.4 billion of Hungarian products to stores in nine countries last year.
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.