The Economic Competition Office continues to monitor food prices
The Economic Committee of the Parliament accepted the Economic Competition Office’s (GVH) report on its activities in 2022 and its experiences related to the application of the Competition Act, the GVH informed MTI on Tuesday.
The competition office achieved 2 billion forints in consumer compensation and imposed a fine of about 3.7 billion forints last year. 101 companies were brought into proceedings, of which 57 were fined, of which only five took advantage of the legal remedy.
Based on the report, GVH’s action against cartels continued in 2022. The authority imposed 80 percent of competition supervision fines due to agreements restricting competition, the majority of which were the most serious, cartel-type violations.
Balázs Csaba Rigó indicated that the competition office is conducting several accelerated sectoral investigations in the food sector in order to explore in detail the underlying causes of food inflation affecting competition law. In addition, the working group whose goal is to create an online price monitoring database is already working.
Related news
Inflation has slowed in Austria, but energy prices are increasing at an accelerating rate
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >GVH: another popular influencer cooperated with the authority
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The Competition Council of the Hungarian Competition Authority has been expanded with a new member
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Related news
Yettel: New, flexible business tariff family and digital app for SMEs – adapted to the changing economic environment
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >Praktiker: personal advice is coming, shopping is getting easier
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >The 12th Kürtőskalács Festival opens with Pink Kürtőskalács and desserts
🎧 Hallgasd a cikket: Lejátszás Szünet Folytatás Leállítás Nyelv: Auto…
Read more >