Railways fined $5.6 million for price-fixing, market allocation

May 08, 2012

Hungary’s Competition Office (GVH) has fined three railways HUF 1.25 billion (approximately $5.6 million) for cartel activity. State-owned railway MAV, regional railway company GYSEV, and Rail Cargo Hungaria colluded to set prices after the market was deregulated. In addition, GYSEV and Rail Cargo Hungaria entered into a framework contract on cooperation, as well as market allocation before deregulation.

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