GVH fines imaging diagnostic tools manufacturers for cartel activity

Deals

Hungaryʼs competition office GVH has fined a number of companies manufacturing and marketing imaging diagnostic products (like MRI, CT and X-ray equipment) for violating regulations relating to EU-funded public procurement tenders, state news wire MTI reports.

GVH has fined the companies HUF 1.6 billion in total for cartel activity related to the tenders for purchasing energy-saving medical devices.

A probe by the competition office found that in 2015 Siemens Healthcare, Siemens Termelő, Szolgáltató and Kereskedelmi, GE Hungary Ipari es Kereskedelmi, PHILIPS Magyarország, HOGE Orvosi Műszer, Premier G Med, Euromedic Technology, Chemium, Medirex and Mediszer Korháztechnika és Kereskedelmi divided the market between themselves.

GE Hungary received the biggest fine, HUF 341 million, Premier G Med was fined HUF 308 mln and Euromedic Technology nearly HUF 300 mln.

GVH noted that several companies actively cooperated with it during the probe. Consequently, Mediszer was absolved of fines and the fine of Siemens Healthcare was reduced by 70% and that of HOGE by 30% after it acknowledged wrongdoing and waived its right for an appeal. GVH reduced fines for other companies as well.

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti... Figures

Hungary CPI Drop Acknowledged at IMF/World Bank Spring Meeti...

Hungary to Address Future of Cohesion Policy During EU Presi... EU

Hungary to Address Future of Cohesion Policy During EU Presi...

AI may Save Hungarian Healthcare, Says Leading Doctor Science

AI may Save Hungarian Healthcare, Says Leading Doctor

Time Out Market to Open in Budapest Next Year Food

Time Out Market to Open in Budapest Next Year

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.