Hungarian competition authority fines railway companies for cartel
The Hungarian Competition Authority (GVH) imposed fines of HUF 1.25 billion (€
4.2 million) on three railway companies.
4.2 million) on three railway companies.
State-owned MÁV has to pay HUF 100m (€300,000), Hungarian-Austrian Győr-Sopron-Ebenfurt Railway company (GYSEV) HUF 300m (€1m), whereas Austrian-owned Rail Cargo Hungary HUF 850m (€ 2.9m).
According to GVH, the three companies violated Hungarian and EU laws by dividing the railway cargo market in terms of geographic area and agreeing cargo fees between them. The period investigated by GVH was between January 2006 and May 2009.
MÁV will have 30 days to appeal the decision, and in a statement said that they will appeal it because they claim to not have violated any laws.
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