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Govt exempts five market activities from cartel regulations

Competition

The government has enacted decrees exempting five types of market activity from Hungary's cartel restrictions, the latest issue of the official gazette Magyar Közlöny reveals.

The five market activities are:

- joint procurement or transportation when participants distribute the affected goods jointly as long as the parties involved command less than 20% of domestic market, or up to 25% of the domestic market for a maximum of two years;

- the cooperation among insurance companies of creating common data bases in order to calculate future damages;

sales of vehicle-parts and services as long as none of the sides involved generates annual revenue of over - HUF 13bn;

- retailers conducting joint procurement if neither of the companies involved generates annual revenue of under €50m; and

- research and development activity as long as all companies involved have immediate access to the final product resulting from the activity.

The decrees come into effect on October 22.

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