US EditionEU Calls on Hungary to Remove Food Price Caps
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EU urges Hungary to abolish price caps - RetailDetail EU
The European Commission is urging Hungary to withdraw the mandatory margin limits for supermarkets and drugstores on a range of food and drugstore products. Budapest is defending the measures, pointing to sharp price drops, and extending the scheme until February 28.
The European Commission has asked Hungary to remove a limit with regard to the marketing price of food products and pharmaceutical articles applicable to distributors with non-industrial size, unless it is at risk of being targeted by actions in justice.
The European Commission (EC) on Thursday urged Hungary to stop imposing price caps on food and drugstores for non-Hungarian retailers, saying it was against single market rules. Hungary, like other EU member states, has long struggled with high inflation, especially for...
The European Commission (EC) today called on Hungary to stop imposing price caps on food and drugstores for non-Hungarian retailers. It contradicts single market rules, it stressed, according to Reuters. Hungary, like other EU member states, has long struggled with high inflation, especially in food prices. Inflation there was higher than the EU average.
If Budapest does not resolve the situation, it may face a lawsuit at the European Court of Justice.
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