Praktiker completes HUF 200 mln store overhaul

Retail

r.classen / Shutterstock.com

Do-it-yourself chain Praktiker has completed a HUF 200 million overhaul of a store in the north of the capital and is preparing for the launch of the government's home renovation support program, the company said on Wednesday, according to a report by state news wire MTI.

From the start of 2021, the government is subsidizing half of home renovation costs - up to HUF 3 mln - for families with one or more children. From February, applicants for the subsidies can apply for preferential loans to cover the other half of their home renovation projects.

Praktiker is the second-largest DIY chain in Hungary with a 33% market share. It has 20 stores.

Gov't Awards Over HUF 20 bln of Home Solar Panel Subsidies Green Energy

Gov't Awards Over HUF 20 bln of Home Solar Panel Subsidies

Bulgaria's Household Income, Spending Rise 20% in 2023 World

Bulgaria's Household Income, Spending Rise 20% in 2023

Budapest Airport Building on ‘Strong Employer Brand’ and ‘Vi... HR

Budapest Airport Building on ‘Strong Employer Brand’ and ‘Vi...

Spago Budapest Offering Unique Sunday Brunch Experience Food

Spago Budapest Offering Unique Sunday Brunch Experience

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.