Competition Office expedites brick market probe

Construction

Hungary's Competition Office (GVH) on Thursday said it is accelerating a probe of the brick market, utilizing expanded powers from the government to more effectively manage problems on the building materials market, according to a report by state news wire MTI.

GVH said prices of ceramic masonry elements have risen "drastically" in the recent period, while there are shortages of some products and, in a number of cases, only the products of a single producer are available.

The authority experts visited brick makers and wholesalers on Wednesday, at the start of the expedited investigation.

A report on the probe will be prepared within a month.

The government has announced a crackdown on suspected price-gouging by building materials sellers while a two-year home renovation subsidy scheme for families with children is underway.

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