The Hungarian Competition Authority (GVH) has imposed a total fine of HUF 103 million on four undertakings producing and distributing car navigation tools. The undertakings concerned fixed the retail prices of their navigation tool products between 2005 and 2006 and threatened with sanctions over the undertakings that applied cheaper prices.
The GVH has fined Mitac HUF 50 million (approx. EUR 167 thousand), LCP HUF 43 million (approx. EUR 143 thousand), Hamex 9 million (approx. EUR 30 thousand) and RCC has recieved a symbolic fine of HUF 1 million (approx. EUR 3300).