INDUSTRIAL POLICY AT GLANCE

Yesterday the Hungarian Parliament adopted an amendment to the Hungarian competition act with great majority. Final bill available here. The details here.

The amendment goes as follows:

"Article 24/A. The Government may classify a concentration of undertakings on public policy reasons - in particular for protecting employment or securing supplies - as a concentration of national importance. For such concentration there is no need to ask for the allowance of the Gazdasági Versenyhivatal according to Article 24.

Article 97 The Government is hereby authorized to classify in a regulation a concentration of undertakings as a concentration of national importance."

This fits nicely into the recent developments in Hungarian competition policy.

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