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GVH promises stringent control

Hungary's competition watchdog GVH will this year step up efforts to crack down on price rings and uncover anti-market practices to protect consumers, it said in a press release posted on its website.

GVH plans to carry out more investigations and dawn raids in 2010, offer more rewards to whistleblowers and will be more watchful of companies that collude to abuse market rules, the statement said.

It will also beef up its market monitoring system and rely more on international cooperation to fight against cartels.

In addition to levying higher fines to deter offenders, GVH will also focus more on protecting consumers, especially those who are disadvantaged or vulnerable to abuse. (Napi Gazdaság)