ADVERTISEMENT

Spar fined for retroactive rebate agreements w/o turnover specifications

Retail

Hungarian food safety authority Nébih on Tuesday said it fined the local unit of supermarket chain Spar HUF 80 million for signing retroactive rebate agreements with suppliers without specifying any link to sales, according to a report by state news wire MTI.

In a probe of Spar's compliance with conditions in supplier contracts, Nebih found that Spar had made such agreements with five of ten suppliers, adding up to HUF 75 mln in damages to those business partners.

Nébih noted that retroactive rebate agreements must be linked to turnover.

Spar did not appeal the Nébih resolution.

MOL Renovates Base Storing Strategic Kerosene Reserves Energy Trade

MOL Renovates Base Storing Strategic Kerosene Reserves

EC Advances Infringement Procedure Over Hungary's Sovereignt... EU

EC Advances Infringement Procedure Over Hungary's Sovereignt...

Hell Energy Inaugurates HUF 80 bln Capacity Expansion Manufacturing

Hell Energy Inaugurates HUF 80 bln Capacity Expansion

Puskás Arena to Host 2026 Champions League Final In Budapest

Puskás Arena to Host 2026 Champions League Final

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.