Hungarian retailer Tesco-Global Aruhazak, a subsidiary of UK retail giant Tesco, has said it will open four hypermarkets by the end of 2003 and plans to open nine more next year.
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The company also plans to construct an HUF8bn (US$34.4m) warehouse in 2004 that will supply fruit and vegetables to its hypermarkets, reported the Hungarian News Digest.
Tesco-Global has so far built 29 hypermarkets in Hungary at a total cost of HUF162bn. The retailer has an annual turnover of around HUF270bn and a 13% market share.
