Decision of the Competition Council of the Hungarian Competition Authority (GVH) Vj-160/2005: Ökonet-Európa Kft.

The Competition Council of the Hungarian Competition Authority (Gazdasági Versenyhivatal - GVH) established in its decision issued on 16 February 2006, that Ökonet-Európa infringed the provisions on the prohibition of unfair manipulation of consumer choice of the Hungarian Competition Act. Ökonet-Európa conducted intense advertising campaigns, in which it attributed medicinal effect to thirteen of its products, despite the fact that these products did not possess the necessary authorisation, as prescribed by law, of the competent health authorities.

The Competition Council of the GVH prohibited the continuation of the infringement, ordered Ökonet-Európa to inform its commercial agents about the present decision of the Competition Council and imposed a fine of HUF 20 million on Ökonet-Európa.

Budapest, 22 February, 2006

Hungarian Competition Authority
Communication Group

Further information:
Erika Baráth
Hungarian Competition Authority
1054 Budapest, V., Alkotmány u.5.
1245 Budapest, 5. Pf. 1036
tel: (+36-1) 472-8985