Watchdog Fines Security Systems Company in Hungary for Price-Fixing

  • 15 Oct 2025 6:50 AM
Watchdog Fines Security Systems Company in Hungary for Price-Fixing
The Hungarian Competition Authority (GVH) on Tuesday said it fined security systems company Paradox and its local distributor a combined HUF 366m for price-fixing and other anti-competitive activities.

GVH established in a probe wound up in 2019 that Paradox Bahamas and two of its local distributors had banned passive exports and prohibited posting end-user prices online, as well as fixing prices.

Paradox Bahamas and one of the distributors, Power Biztonsagtechnikai, appealed the decision, and the court ordered a new probe. GVH's findings in the repeated probe matched those in the initial one.
 

Source: MTI – Hungary’s national news agency since 1881. While MTI articles are usually factual, some may contain political bias, and readers should be aware that such content does not reflect the position of XpatLoop, which is neutral and independent.

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