20 November 2014
Hungary’s Economy Minister, Mihály Varga, has submitted a draft bill to Hungary’s Parliament, which could seriously affect foreign grocery retailers Tesco, SPAR, Auchan, Metro Group and Aldi.
What does the bill say?
The draft bill sets out the following regulations:
‘Commercial business which:
a) generates more than half of its net revenues from the sale of FMCGs
b) has net...