ADVERTISEMENT

GVH fines webshop operator HUF 100 mln

Retail

Hungary's economic competition office GVH on Wednesday said it fined Slovenian webshop operator Mi Sport HUF 100 million for exploiting fears of the COVID-19 virus and misleading consumers about its disinfectant, GVH said, according to a report by state news wire MTI.

GVH said the company operating the www.shopolo.hu website made unsubstantiated claims about its product during the first wave of the pandemic in Hungary, selling more than 10,000 units over two weeks in March 2020.

The economic competition office found that the sanitizers had no licenses for distribution in either the European Union or Hungary and a test of the Innovation and Technology Ministry's food and chemical laboratory established that the products had no antibacterial or antimicrobial effects.

It was also established that the company infringed EU rules about the marketing of disinfectants and failed to indicate the ingredients, the names of active substances, the contact details of the manufacturer and distributor, and the safety information.

The company also misinformed consumers about free shipping, GVH added.

ADVERTISEMENT

Purchasing Managers' Index rises Analysis

Purchasing Managers' Index rises

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

New Jewish cultural hub opens in Budapest City

New Jewish cultural hub opens in Budapest

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.