New IKEA store to open in June in District 23

Hungary’s newest IKEA store - its third in the country - will open at 9 a.m. on June 14 in Soroksár, in District 23 of the capital, according to a video published today by the home furnishings retailer.
The Sweden-based furniture firm says more than 2,000 people have been involved in the construction of the newest store, which has been realized through an investment of almost HUF 17 billion.
Hungarian revenues of the company were up by 14% by the end of 2015’s financial year ending in August to HUF 47 bln, according to index.hu. Profit after taxes totaled HUF 2.4 bln, up from the preceding year’s HUF 1.6 bln, index.hu added.
ADVERTISEMENT
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.