Navi-Gate slammed for price fixing


The Hungarian competition office (GVH) found that Navi-Gate Kft made dealer contracts in which it set the retail prices of PNA Garmin navigation apparatuses and I-Go software run on pda-s.

According to the contracts, in case a retailer deviated from the set price, the importer Navi-Gate Kft was entitled to withdraw the retailer’s distribution rights. As a conclusion of the supervision including the related retailers as well, GVH established that setting retail prices in Navi-Gate’s contracts may limit economic competition and as a result, the authority fined Navi-Gate Kft Ft 43 million. (NG 4)


Orlen Enters Hungarian market Energy Trade

Orlen Enters Hungarian market

MPs Approve Tax Changes Parliament

MPs Approve Tax Changes

Mahart Container Center Depot Opening at Budapest Airport Transport

Mahart Container Center Depot Opening at Budapest Airport

MTÜ Launches Int'l Campaign for Hungarian Spas Tourism

MTÜ Launches Int'l Campaign for Hungarian Spas


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.