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EU pressures Hungary to scrap retail margin caps within 2 months
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EU pressures Hungary to scrap retail margin caps within 2 months
The European Commission has formally escalated its infringement procedure against Hungary over the government’s retail margin caps, demanding swift changes and warning that the rules could ultimately be overturned by the EU Court of Justice. In two reasoned opinions sent to Budapest this week, the Commission argued that Hungary’s restrictions on profit margins for food and drugstore products discriminate against foreign-owned retailers and disto…
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