Hungary food pricing regulations violate EU rules, CJEU says
frantic00 / Shutterstock.com
The Court of Justice of the European Union (CJEU) on Thursday decided that Hungarian rules requiring retailers to apply the same profit margins to domestic and imported farm and food products violate European Union law, according to a report by state news wire MTI.
The European Commission had referred the matter to the CJEU as the final step in an infringement procedure.
The Hungarian legislation declares "any discriminatory fixing, on the basis of the country of origin of the products, of the price at which products identical in composition and organoleptic properties are sold to the final consumer" an unfair commercial practice.
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.