The GVH uncovered a nationwide road cartel - resulting in a fine of nearly €300 million
Budapest, 5 October 2023 - A long-running cartel case has come to an end. The Hungarian Competition Authority (GVH) has found that a large number of road sign painting and road signage companies divided up the domestic market between them between 2012 and 2014. The national competition authority imposed fines of around €300 million on 17 companies for a series of collusive practices covering the whole country, and some of those responsible also faced criminal sanctions.
Read more …The GVH uncovered a nationwide road cartel - resulting in a fine of nearly €300 million