Media Markt Sanctioned for False Advertising

Retail

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Hungary's Competition Office (GVH) on Wednesday announced it fined consumer electronics retailer Media Markt close to HUF 24 million for offering television sets at discounts from prices used so long ago that they didn't indicate real savings, according to a report by state news wire MTI.

Media Markt acknowledged the discounts were a sham, waived its right of appeal in the matter, and agreed to compensate customers who did buy the television sets.

Media Markt will offer the more than 1,000 customers who purchased the TVs vouchers with values of between HUF 15,000 and HUF 50,000. 

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