Tag "GVH"
GVH helps ensure that no one gets unpleasant surprises during Black Friday
Black Friday is already in full swing, stores and webshops are announcing their best deals every day. In order to avoid unpleasant surprises for consumers, the Economic Competition Office (GVH)...
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Coordinated European action against Temu
The Consumer Protection Cooperation Network (CPC), which brings together the European Union’s consumer protection authorities, including the Economic Competition Authority (GVH), and the European Commission have decided to take serious...
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Avoid the traps! – Black Friday is already roaring
Although the official date of Black Friday is only November 29, customers can already find plenty of sales and campaigns advertising shockingly high discounts. The Economic Competition Authority (GVH) launched...
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The countdown has begun, Black Friday is here in a month
Although the official Black Friday will be only one month from now, on November 29, the promising offers and various tempting promotions are already hitting each other. The Economic Competition...
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Black Friday: GVH warns of the importance of conscious shopping before the sale season
Although the official Black Friday will only take place on November 29, various tempting offers and sales have already appeared, with which retailers are trying to grab the attention of...
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GVH president: The key issue is the broad but correct application of artificial intelligence
“The broad, but correct application of artificial intelligence can have a significant positive effect on the productivity and competitiveness of domestic enterprises,” stressed Balázs Csaba Rigó, president of the Economic...
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GVH: The application of artificial intelligence can increase the competitiveness of Hungarian enterprises
The rapid spread of artificial intelligence (AI) technologies, or if they do not start using them, can cause a competitive disadvantage for small and medium-sized enterprises – among other things,...
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The attention of the European competition law community is focused on Budapest
The Economic Competition Office (GVH) will organize the 50th European Competition Day in Budapest on October 22, as an official program of the Hungarian EU Presidency. At the international conference,...
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The president of GVH stood up for the interests of Hungarian consumers at the OECD conference in Paris
The OECD’s consumer protection committee organized a two-day high-level meeting in Paris, in which Balázs Csaba Rigó, the president of the Economic Competition Authority (GVH), also participated. In the framework...
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GVH: Notino’s price display practice is allegedly illegal
Presumably, Notino illegally displays the prices of products advertised as special offers, the Economic Competition Office (GVH) has therefore launched an investigation against the operator of the online store selling...
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The GVH’s investigation into CCC’s price marking practice has been concluded: the problems will be remedied with commitments
The Competition Council of the Economic Competition Office (GVH) accepted CCC Kft.’s commitments and closed the proceedings against it without establishing a violation. Already during the procedure, CCC eliminated the...
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The maximum fine that can be imposed by the GVH has been seriously increased
The maximum fine that can be imposed by the GVH has been seriously increased – it was announced at the joint conference of the Hegymegi-Barakonyi and Fehérváry Baker & McKenzie...
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The amount of fines that can be imposed by the GVH has increased
From August 1, 2024, the Economic Competition Office (GVH) may impose even higher fines on businesses that violate the law. On September 1, 2023, the maximum amount of the fine...
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GVH: Innovelle Pharma cooperated, so it has to pay more than HUF 10 million less in fines
Innovelle Pharma Kft., convicted for misleading advertisements, cooperated with the Economic Competition Authority (GVH), which as a result will have to pay a fine of HUF 36,450,000 less, as a...
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According to the GVH, Hungarian families saved almost HUF 20 billion in three months thanks to the online price monitor
The online price monitoring system operated by the Economic Competition Authority (GVH) moderated food inflation by 1.11 percentage points between the start of July 1, 2023 and February 2024, the...
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Mandatory action: the Ministry of National Economy takes action against retail chains that apply unfair price increases
The government measures introduced to protect families, such as food price caps, mandatory special offers, and the online price monitoring system, have proven to be effective in breaking down sanctioned...
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GVH is also investigating the pricing practice revealed by NGM
The Economic Competition Authority (GVH) will examine the pricing practice revealed and indicated by the Ministry of National Economy (NGM) as part of a complaint procedure, the supporting evidence and...
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GVH clarifies the difference between a tip and a service fee
Catering establishments are increasingly applying the service fee, which they can freely set, but which must be displayed on the menu and other information surfaces. Bálint Horváth, head of communications...
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GVH president: Simplified administration in merger cases is becoming more and more popular among companies
The Economic Competition Authority (GVH) is trying to contribute to the reduction of the administrative burden of domestic enterprises with a number of initiatives. Balázs Csaba Rigó, president of the...
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Dr. András Tóth: The GVH also actively deals with artificial intelligence
There is a lively international interest in the market research of the Economic Competition Authority, which was launched by the national competition authority at the beginning of the year, and...
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Resolution regarding the GVH procedure initiated against Szentkirályi Hungary
Yesterday, the Economic Competition Authority (GVH) announced in a press release that it had initiated proceedings against Szentkirályi Magyarország Kft., along with several other actors, due to suspicion of consumer...
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GVH investigates green claims related to PET bottles
The Economic Competition Authority (GVH) launched parallel proceedings against several companies, as they probably misled consumers with the claims on the labels of mineral water and soft drink bottles and...
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The GVH cracked down on illegal e-cigarettes
The Economic Competition Office (GVH) imposed a HUF 189 million fine on the Slovak company Airbox, as it created a false impression among consumers that it legally distributes electronic cigarettes...
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Manker Beauty: GVH waives the fine if the company fulfills its obligations
The Economic Competition Authority (GVH) has completed the investigation of Manker Beauty Kereskedelmi és Szolgáltató Kft., which was initiated due to the company’s suspicion of unfair commercial practices. The company,...
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GVH: Wizz Air was fined 300 million
The Competition Council of the Economic Competition Authority (GVH) imposed a fine of HUF 307 million on Wizz Air for violating the prohibition of unfair trade practices. Wizz Air announced:...
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Gábor Gál will be a member of the GVH Competition Council for another six years
On the recommendation of Balázs Csaba Rigó, the President of the Economic Competition Office, the President of the Republic Tamás Sulyok appointed Gábor Gál – after the termination of his...
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On August 1, the AI Act, the first artificial intelligence regulation, comes into force
On August 1, the regulation of the European Union regulating artificial intelligence, the so-called AI Act, comes into force. The legislation will have to be applied gradually, in several steps,...
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GVH and the Self-Regulatory Advertising Board have confirmed their cooperation
In order to avoid unfair commercial practices and to make the system of prior compliance more widely known and applied, the Economic Competition Authority (GVH) and the Self-regulating Advertising Board...
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GVH president: “Bureaucracy and overregulation are killing European competitiveness”
“Minimizing administrative barriers and creating a level playing field is a key condition for the spread of new technologies and the creation of competitive businesses and sectors.” – stressed Balázs...
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The GVH investigation launched against Aldi raises several questions
The Economic Competition Authority (GVH) launched an investigation against Aldi, which raises one of the most exciting competition law issues in the Hungarian market. The purpose of the investigation is...
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