Euro Benefit fined on charge of misleading clients

Deals

Hungary's Competition Office (GVH) fined Euro Benefit HUF 18 mln on a charge of providing customers with false information about price reductions as well as the sale of timeshare rights, while claiming offers were good for a limited time only GVH reported yesterday. 

The fine is based on the amount of the fine on the net sales revenue of the company which was HUF 407 mln in 2013, and GVH said it considered it an aggravating factor that the misleading practices had continued for a long period of time.

ADVERTISEMENT

Hungary PMI Edges up to 47.4 in September Analysis

Hungary PMI Edges up to 47.4 in September

Ukraine Suspends OTP Status on 'Sponsors of War' List Ukraine Crisis

Ukraine Suspends OTP Status on 'Sponsors of War' List

Karikó and Weissman Receive 2023 Nobel Prize in Medicine Science

Karikó and Weissman Receive 2023 Nobel Prize in Medicine

Pálinka Added to EU-Japan Geographical Indication Deal Drinks

Pálinka Added to EU-Japan Geographical Indication Deal

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.