Here are the results of this year’s GVH

By: Trademagazin Date: 2023. 12. 31. 09:30

A separate abuse reporting system, active competition supervision, decisive action against technology giants, special protection of families and vulnerable consumer groups, fight against inflation and extremely fast merger control – among other things, these characterized the professional activities of the Economic Competition Authority in 2023. The amount of fines imposed this year exceeds HUF 2.2 billion. And the online Price Monitoring system operated by GVH since July 1 contributed to invigorating market competition.

Balázs Csaba Rigó, president of the GVH, summarized the year 2023 as follows:

“Fair competition makes sense in every situation. This was also the case in 2023, which will go down in the history of the Hungarian economy as the year of the rapid collapse of inflation. 2024 is expected to be the year of the recovery of economic growth, when the protection of competition will also be of great importance. The national competition authority wants to contribute to the preservation of fair competition in 2024 by launching the Hungarian Compliance Academy, which is a series of discussions with actors in the economy with an emphasis on the prevention of illegal behavior and education.

highlighted by the president of the national competition authority.

The Economic Competition Authority has been operating the separate abuse reporting system for years as part of its complaints and reporting management system. In 2023, the national competition authority handled a total of more than 1,300 complaints and nearly 100 notifications.