The first Hungarian competition law came into force 100 years ago
A century ago, in 1924, Article V of the 1923 Law on Unfair Competition entered into force. On the occasion of the jubilee anniversary, the Economic Competition Authority and the Hungarian Competition Law Association organized a joint professional conference at the headquarters of the national competition authority.
Balázs Csaba Rigó, the president of the GVH, emphasized in his opening speech:
“The Basic Law of Hungary clearly states – Hungary ensures the conditions of fair economic competition. Hungary acts against the abuse of its dominant position and protects the rights of consumers. “The Economic Competition Office has been active in the service of this noble and extremely important task for more than 33 years now.”
“In Hungary, competition law goes back more than 100 years, even if this is curtailed by the decades of the communist crisis, when economic competition – along with several other democratic and social principles – had very little importance.”
– stressed Balázs Csaba Rigó, president of the Economic Competition Authority, in his opening speech.
Related news
GVH President: The development of Hungarian language models is a matter of national sovereignty
Csaba Balázs Rigó, President of the Hungarian Competition Authority (GVH),…
Read more >The GVH’s latest knowledge-sharing event was about green claims
The Hungarian Competition Authority (GVH) has organized a conference for…
Read more >Billion-dollar market and fragile credibility – this is how Hungarian influencer marketing is transforming
The domestic market for influencer marketing is showing dynamic growth:…
Read more >Related news
Tobacco shops: fewer products, concentrated sales and new growth paths
Between April 2024 and March 2025 FMCG sales by national…
Read more >On Innovation Day we presented the Inno d’Or – Innovation of the Year 2025 awards
This year marked the 5th edition of Trade magazin’s Inno d’Or…
Read more >