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Aerial photo of the Pozsony (Bratislava) Castle

Slovakia May Adopt Effective Hungarian Price Monitoring System

The Hungarian price monitoring system, which will possibly be purchased by the Slovak government, is an online database developed by the government and the Hungarian Competition Authority. The system provides consumers with information on the selling prices of individual products….

Online Shopping Stagnates in 2023 Survey Finds

In 2022, the long upward trend in online shopping came to a halt, and it further deteriorated last year. The number of buyers decreased the most markedly in the 16–35 age group….

EU Parliament Takes Action to Safeguard Consumers from Energy Market Manipulation

The adopted amendments to the Regulation on Wholesale Energy Market Integrity and Transparency, designed to respond to the energy crisis, cover new trading practices such as algorithmic trading and strengthen reporting and monitoring requirements to protect consumers from market abuse….

Reduction in Gas and Electricity Consumption in Hungary in 2023

Approximately 8.5 billion cubic metres of gas was used, indicating a decrease of 1 billion cubic metres, or 10.9 per cent, compared to the 2022 level, and a substantial 2.5 billion cubic metres, or 23 per cent, reduction compared to…

Competition in the Digital Era: GVH Investigates Artificial Intelligence’s Influence on Consumer Vulnerability

As it was pointed out by the Hungarian Competition Authority, the extraordinary resources required for AI technology are presently monopolized by the largest technological giants, potentially distorting market competition in digital sectors in the future….

Consumer Protection: Over a Billion Forints in Fines Imposed

The Hungarian government has implemented measures to protect Hungarian families and businesses against high inflation. As a result, the inflation data in recent months indicate a systematic, continuous, and visible decrease in inflation….

Taking the Fight to Inflation: Online Price Monitoring System Comes Into Effect Soon

The price monitoring system will come into effect on 1 July, and is expected to contribute to pushing inflation back to single digits….

Gulyás: Utility Cost Reduction Programme Will Remain in Place

After reviewing the energy situation at the cabinet meeting on Wednesday, the government determined that all necessary resources are at its disposal to keep in place the utility cost reduction programme for households with average energy consumption….

New Consumer Protection Measures Introduced to Fight Inflation

To make the process of reducing inflation as strong and significant as possible, all possible tools must be used, they added. For this reason, in collaboration with the government, the Hungarian Competition Authority is establishing an online price monitoring system…

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