Tag "GVH"
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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The Competition Act may be amended at several points, and the GVH may receive new powers
The competition protection activities of the Economic Competition Authority (GVH) can be even more effective, as the competition law can also be amended at many points within the framework of...
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Temu may receive a fine of up to HUF 780 billion
The Economic Competition Authority (GVH) considers it justified to initiate the competition supervision procedure against the Chinese online store Temu, whose subsidiary in Ireland is being investigated for unfair commercial...
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GVH initiated proceedings against Extreme Digital-eMAG
The Economic Competition Authority (GVH) initiated proceedings against Extreme Digital-eMAG Limited Liability Company (eMAG) due to an alleged violation of unfair commercial practices towards consumers. The reason for the procedure...
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The competition law rules may be seriously tightened
Since mid-March, a remarkable draft law has been circulating in the parliament, which, if passed, could bring about significant changes in the lives of businesses. The government would seriously rewrite...
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Competition authority leaders from 15 countries met in Budapest
At this year’s first event of the joint Regional Competition Education Center (ROK) of the Economic Competition Authority (GVH) and the OECD in Budapest, the heads of competition authorities from...
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GVH: families can also save a lot during Easter shopping with the Price Watcher
Families can also save money and time during Easter shopping by using the online Price Watcher, the Economic Competition Authority (GVH) pointed out in a statement on Friday. In the...
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The GVH took action: a competition supervision procedure is launched against Temu
The Economic Competition Authority (GVH) is launching a competition supervision procedure against the European operator of the Temu online marketplace, Whaleco Technology Limited. In recent weeks, GVH has received several...
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GVH: Food inflation has not been as low as in February 2024 in seven years
In the second month of 2024, consumer prices were on average 3.7% higher than a year earlier, and food inflation was even lower, at 2.2%. In addition to government and...
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The reduction of food inflation is also thanks to the online price monitoring system
In addition to the targeted government measures and the actions of the central bank, the moderation of food inflation is due to the active interventions of the Economic Competition Authority...
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The first Hungarian competition law came into force 100 years ago
A century ago, in 1924, Article V of the 1923 Law on Unfair Competition entered into force. On the occasion of the jubilee anniversary, the Economic Competition Authority and the...
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GVH proposes a multilevel sustainability labelling system
Green advertising messages are often unclear and confusing, and a significant proportion of consumers aren’t aware of the exact content and meaning of certain claims and labels – these are...
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New elements and top fines in GVH’s practice
Several competition law and consumer protection topics have been discussed at the business breakfast of Schönherr Hetényi Law Firm. This article is available for reading in Trade magazin 2024/2-3 Attorneys...
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Minister of National Economy Márton Nagy in the GVH podcast
What factors caused the development of record inflation in Hungary and what is the reason for the rapid reversal of monetary deterioration? For what reasons did food inflation rise and...
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There is quite a bit of chaos in the advertising of flu products across Europe
The Economic Competition Authority also took part in the joint investigation of the European Commission and the Consumer Protection Cooperation Network (CPC) of the member states’ authorities, which reviewed the...
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The Hungarian competitors approached the GVH about Temu
At the beginning of February, the online marketplace Temu overtook Alza in terms of customer numbers in Hungary, and only eMAG was able to beat the Chinese competitor. However, due...
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GVH: competition dampened food inflation
In 30 months, food inflation measured on an annual basis was not as low as in the first month of 2024. The Central Statistical Office (KSH) announced on Friday that...
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GVH organized an online workshop on consumer protection responsibility
In an online workshop, experts from the Economic Competition Office (GVH) and domestic private law experts discussed the most current issues of consumer protection responsibility. In the framework of the...
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GVH: the online price monitor received a quality award
The online price monitor operated by the Economic Competition Authority (GVH) received a quality award at the Website of the Year competition, the GVH told MTI on Thursday. They recall...
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