Tag "GVH"
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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The GVH fined Booking almost HUF 400 million with a record fine
Booking did not fully fulfill its obligations requiring the termination of previous infringements, it continued to use its illegal communication practices and psychological influence on consumers. The national competition authority...
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Is it a tip or a service charge? Not the same thing!
There is often great uncertainty as to whether the service fee applied almost everywhere today is the same as the concept of a tip, and if it is charged, whether...
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The competition office particularly monitors the activities of airlines
A Gazdasági Versenyhivatalhoz (GVH) számos panasz érkezik a légitársaságok tájékoztatásaival, illetve egyéb gyakorlataival kapcsolatban, ezért megkülönböztetetten figyeli a légitársaságok tevékenységét, és hatáskörei keretében támogatja a fogyasztóvédelmi eljárásokat – tudatta a...
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The position of Lidl Hungary regarding the competition supervision procedure initiated by the GVH
Lidl Hungary’s position regarding the competition supervision procedure initiated by the Economic Competition Authority is as follows. The Economic Competition Authority (GVH) has initiated a competition supervision procedure against Lidl...
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GVH: the online Price Monitor will be one year old on Monday
On July 1, it will be one year since the online price monitoring system operated by the Economic Competition Authority (GVH) went live, the platform was created by the competition...
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GVH’s program for educating people on conscious internet use has closed a successful semester
The staff of the Economic Competition Office (GVH) held classes for a total of more than 4,000 students in 175 classes of 52 schools in recent months as part of...
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The GVH imposed a fine of more than HUF 2 billion in 2023
As every year, the Economic Competition Authority published its report on the previous year’s activities. In the report prepared for the Parliament, the GVH provides a detailed account of the...
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Competition Office: Natur Tanya may have misled consumers with claims about health effects
Due to the alleged violation of the prohibition of unfair commercial practices towards consumers, the Economic Competition Office (GVH) initiated a competition supervision procedure against Natur Tanya Hungary Kft. and...
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GVH is acting on behalf of consumers following popular flu remedies
It is in the fundamental interest of consumers who follow popular domestic flu products to be clearly informed about the advertising nature of individual content. The Economic Competition Authority (GVH)...
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GVH: The postponement of certain amendments to the Competition Act is justified
The Economic Competition Authority (GVH) agrees with the postponement of some planned amendments to the Competition Act. The president of the GVH initiated the creation of a pro-competition working group...
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The GVH would introduce a labeling system showing environmental impact on foodstuffs
It would make it easier for consumers to make a conscious decision if food products were given a labeling system showing environmental impact, said the GVH’s chief economist in a...
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GVH: Annual food inflation practically dropped to zero in March
Food inflation measured on an annual basis was 0.7 percent in March 2024, according to data published by the Central Statistical Office (KSH) on Thursday morning. Accordingly, food prices have...
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