ADVERTISEMENT

Gov't Fines Ryanair HUF 300 mln

Competition

Image by Peter Krocka / Shutterstock.com

The Government Office of Budapest launched a consumer protection procedure against Ryanair-DAC on the issue of the passing on the extra profit tax to consumers, Minister of Justice Judit Varga said in a post on her Facebook page.

Minister of Justice Judit Varga posted a new update account regarding the dispute over Ryanair’s business practices on her Facebook page.

The minister wrote that on June 10th, the Government Office of Budapest launched a consumer protection procedure against Ryanair-DAC on the issue of the passing on the extra profit tax to consumers.

The Ministry of Justice, as the professional lead body, has been following the investigation, which has resulted in the Consumer Authority finding an infringement, as the airline has deceived consumers through unfair commercial practices.

The fine amounts to HUF 300 million (EUR 765.000).

Ryanair responded saying it is ready to appeal against what it calls "baseless" fine from the Hungarian consumer protection agency (GVH), the airline said in an email to Reuters.

"Ryanair ... will immediately appeal any baseless fine raised by the Hungarian Consumer Protection Agency. No notice of any such fine has yet been received by Ryanair. If necessary, Ryanair will appeal this matter to the EU courts," the airline said.

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan Debt

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan

EC Puts Hungary 2024 GDP Growth at 2.4% EU

EC Puts Hungary 2024 GDP Growth at 2.4%

HU-rizon Program: HUF 8 bln Funding for International Resear... Science

HU-rizon Program: HUF 8 bln Funding for International Resear...

Marcelito Pomoy to Perform in Budapest Next Week Music

Marcelito Pomoy to Perform in Budapest Next Week

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.