EC Calls on Hungary to Comply With CJEU Ruling on Food Pricing
frantic00 / Shutterstock.com
The European Commission on Wednesday said it decided to send Hungary a letter of formal notice for failing to "implement swiftly and effectively" a ruling by the Court of Justice of the European Union (CJEU) against national rules on food pricing, according to a report by news agency MTI.
In a judgment delivered in March 2021, the CJEU ruled that Hungarian regulations requiring retailers to apply the same profit margins to domestic and imported farm and food products violate European Union law.
In a follow-up after the ruling, Hungarian authorities told the EC that preparatory work had begun to implement the CJEU judgment, but the EU's executive received no further information on compliance measures.
Hungarian authorities have two months to address the issues raised in the EC's letter of formal notice. If the EC deems their response unsatisfactory, it may refer again the case to the CJEU and ask for financial penalties on Hungary.
ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan
Gov't Launches HUF 150 bln Job Placement Scheme for Over-30s
HU-rizon Program: HUF 8 bln Funding for International Resear...
Inspiring Women at the Focus of Gourmet Fest
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
