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.