Watchdog Levies Max Fine on Slovakian Elf Bar Seller

Retail

Image by Shutterstock.com

Hungary's Competition Office (GVH) has fined Bensons Europe, a Slovakian business, close to HUF 39 million - the maximum allowed by law - for illegally advertising the sale of Elf Bar vaping products to consumers in Hungary, the watchdog said on Monday, according to a report by state news wire MTI.

GVH launched a probe of two Slovakian companies last summer and found Bensons Europe had wrongly suggested to consumers that sales of the vaping products from its Hungarian-language webshop were legal. GVH noted that remote sales of vaping products are illegal in Hungary.

Bensons Europe was one of two Slovakian companies scrutinized by GVH for selling Elf Bar vaping products. It fined the other business, Yzer, HUF 68 mln, late last year.

GVH said Elf Bar vaping products are "especially harmful" because of their popularity with young people.

ADVERTISEMENT

ÁKK Exchanges HUF 20 bln of Bonds at Wednesday Switch Auctio... Debt

ÁKK Exchanges HUF 20 bln of Bonds at Wednesday Switch Auctio...

Hungary Makes Proposals to Ease Administrative Burden for EU... EU

Hungary Makes Proposals to Ease Administrative Burden for EU...

MOL Signs Antwerp Declaration for a European Industrial Deal Deals

MOL Signs Antwerp Declaration for a European Industrial Deal

Investors of the Year in Limelight at Hipa’s Award Ceremony Awards

Investors of the Year in Limelight at Hipa’s Award Ceremony

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.