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Internet Mall plans to open business in Hungary

Czech retail company Internet Mall plans to start an on-line shop in Hungary according to business daily Világgazdaság. Internet Mall, founded in 2000, probably opens the new outlet dealing with electronic articles until December 2005. The company runs 17 on-line stores throughout the Czech Republic and besides Hungary it plans to set up business in Poland and Slovakia as well. Internet Mall made a co-operation offer for eBolt, the first Hungarian webstore dealing with electronic goods, but the corporation did not accept it. Internet Mall expects euro 43 million income in 2005, that means 54% of increase, while eBolt counts with 30% growth this year after Ft450 million profit of last year.