Code of Ethics staying in effect

According to a resolution by the Economic Competition Office (GVH), the provisions of the Code of Commercial Ethics relevant to relations between retailers and suppliers shall remain in effect till 30. June 2010. The Code of Commercial Ethics was signed by trade organisations (ÁFEOSZ, KISOSZ, OKSZ, VOSZ commercial section) and the largest retail chains on 4. July 2006. The Code contains a list of the ethical standards followed by the majority of retailers. The Code offers another means for protecting the interests of all parties involved in commerce and the possibility of publicly denouncing entities which fail to comply with standards defined therein.