HUNGARY: Tesco sales hunger pays off, revenues up 86%
UK retailing giant Tesco has revealed that its intensive operations in Hungary last year gathered revenues of HUF150bn, representing an enormous 86% increase on the previous year. After investing HUF100bn in the country, Budapest is now home to the two largest Tesco stores in the world. Company officials explained that these giant hypermarkets allowed Tesco to fully capitalise on the holiday season shopping at the end of the year.
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