Cartels, a new way of doing business in Hungary?
This year the HCA has already initiated investigations against entities active in the stationery market, the concrete production market and even on the taxi market. The names of companies involved in the cartels are well known to the Hungarian public, but it seems that there is a general ignorance regarding the investigations.
“It is, after all, still difficult for entities due to the 2009 economic crisis and many companies do what they can to survive. They push boundaries and yes, they often step over the line. It’s probably worth the risk but once caught the consequences could be serious.” – said one member of the public.
It will be interesting to see how the HCA investigation will end and whether organisations will be fined or what other penalties may be used.
Garancie keeps a close eye on matters of fraud and corruption across the globe, as these issues highlight the importance of conducting due diligence on affiliations or possible business partners.