ADVERTISEMENT

Competition Office fines Auchan HUF 1 bln

Competition

Hungaryʼs Competition Office (GVH) fined Auchan Magyarország HUF 1 bln for charging its suppliers to stock their products in its inventory, the office said today.

The office claims that Auchan had unilaterally charged about three-quarters of its non-food suppliers the fee from 2006-2014.

GVH said it considered Auchanʼs continuation of the practice even after the Hungarian unit of Spar was cited for a similar offence in June 2012 as an aggravating factor. GVH considered it a mitigating factor that approximately 44% of Auchanʼs suppliers were "not vulnerable market players".

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

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.