Are you sure?

President returns act for unfair trade practices

President László Sólyom has returned an act that defines and establishes sanctions for unfair trade practices to Parliament for reconsideration.

Sólyom asked in a letter to House Speaker Katalin Szili whether it was necessary to have a separate law to clamp down on unfair business practices. He said the language of the act had not been thought through and contained legal inconsistencies, and added that it would probably not achieve its stated goal. Instead of protecting Hungarian food industry suppliers, it could cause retailers and wholesalers to turn to foreign suppliers, he said.

Parliament passed the act with a unanimous vote on June 29. (MTI-ECONEWS)