GVH runs 4 parallel investigations in the construction market

Construction

Hungary's competition office GHV said on Wednesday that it is running four investigations in parallel in the construction market as it looks into every indication of possible distortions or infringements in the sector, according to a report by state news wire MTI.

GVH recalled that it is investigating one of the leading regional players in the gravel market on suspicion of abuse of its dominant market position, while a similar investigation is ongoing against the three most important players in the domestic cement market.

The competition office has also accelerated its probe of the brick market and is looking into a merger of companies involved in the wholesale trade of electrical products used in the construction sector. Based on the preliminary data, it was not possible to assess the impact of the foreign acquisition on the sector.

Hungary's government has recently 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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