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Competition Office probes construction industry prices

Construction

Hungary's Competition Office (GVH) on Monday said it has established a working group to determine the reasons for increases in building materials prices, according to a report by state news wire MTI.

The working group will weigh complaints that raise suspicion of cartel activity, GVH said, noting that certain markets for building materials in Hungary are "dominated" by a few players, creating the conditions for price-fixing.

GVH also acknowledged the impact of supply chain interruptions, commercial policy measures, foreign exposure, and a lack of capacity on prices.

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