Ministry, GVH, MNB renew consumer protection cooperation
Hungary's competition authority GVH, the Innovation and Technology Ministry, and the National Bank of Hungary have renewed their cooperation agreement to protect consumers from unfair business practices, MNB and GVH said on Thursday, according to a report by state news wire MTI.
The three institutions will hold regular consultations on the uniform application of the law, also presenting the most important issues related to the topic.
MNB and GVH also expanded their bilateral cooperation agreement, under which the parties agreed to hold annual consultations to present their data backup, data mining and digitization activities in order to share knowledge. The MNB will coordinate its position on financial markets with the European Supervisory Authorities with GVH.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.