GVH: Leniency for cooperation in building materials investigation

Construction

While Hungary's Competition Authority (GVH) is paying close attention to signals related to the construction industry, it is worthwhile for relevant market enterprises to cooperate with the authority again, according to profitline.hu.

Companies that voluntarily disclose their own cartel activities can benefit from a significant reduction in fines and even a full fine, the authority said in a statement.

GVH has recently set up a special investigation team to investigate the causes of the drastic rise in construction raw material prices, which will focus on analyzing complaints and market signals related to suspected cartel activities.

Meanwhile, the government has also decided to expand the legal capacity of GVH to allow for faster and more effective action against market failures. The companies concerned should also bear in mind, under the close control of the market, that the legislation in this case also rewards cooperation with the competition authority.

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