Plans to build new two hypermarkets in Budapest have now been scrapped by French chain Carrefour following an assessment of the intense competition already present on the Hungarian domestic retail market. The cost of greenfield developments is also often prohibitively high in Hungary. Carrefour is now expected to shift its investment focus to China and Romania, and dismantle its Hungarian subsidiary, which was established earlier this year.

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now