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The GVH did not establish an infringement in the case and therefore did not impose a fine.The GVH investigated whether the undertaking – from 1 January 2012 to 18 December 2013 – provided appropriate information about the possibilities of interest-free reimbursement related to the use of its credit cards, paying particular attention to interest calculation applicable until 20 June 2016, on the basis of which in the case of reimbursements made after the grace period interest must be paid even after purchases made in the next accounting period.Miklós Juhász, President of the GVH, explicitly welcomed the benefits of the regional cooperation, emphasising: “We can learn a lot from each other, if we follow the developments of the V4 countries’ competition law, which the Authorities encounter in their everyday work.”. Juhász stated that the existence and work of the Competition Authorities are unquestionable, due to the significant benefits they bring to society.The GVH quantifies the benefits of its activities every two years.
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He emphasised that the 25 years of Visegrad cooperation has brought concrete results in the region, also in the field of competition law enforcement.
Paul Csiszar, Director, Directorate-General Competition of the European Commission, began his introduction by stating: “Effective competition law enforcement by our NCAs based on sound and fair policy considerations is essential for building strong social market economies in our region.
Maintaining and increasing competitiveness is of crucial importance in Central Europe.
Competition authorities have an important role in safeguarding competitiveness by blocking unfair market practices – Levente Magyar, Deputy Minister of Foreign Affairs and Trade, pointed out in his opening speech.
The ICPEN website provides detailed information on the Sweep Day – a comprehensive analysis of participating members’ reports will be published in the first half of 2018.