Competition Office Fines Construction Firms in Hungary Over Cartel Activity
- 14 Dec 2024 8:22 AM
Hungary's Competition Office (GVH) has fined two units of the Homlok group HUF 1.2bn for colluding in a public procurement worth tens of billions of forints called for a railway development project near Debrecen (E Hungary).
GVH said the two companies tried to obstruct the competition authority's procedure and therefore they also have to pay an additional procedural fine of HUF 25m.
Another company involved in the case, Inter Mobility, cooperated with GVH during the procedure. It submitted a leniency application, which GVH's Competition Council accepted, participated in a settlement procedure and undertook to introduce a compliance programme. GVH therefore reduced the fine that could be imposed on the company to HUF 30m.
Source:
MTI - The Hungarian News Agency, founded in 1881.
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