Business

The Competition Office (GVH) yesterday decided for the first time not to fine a company taking part in a cartel for providing evidence and cooperating with GVH. Construction companies Royal-Bau Rt and Construma Kft had made an agreement in 2002 in the last phase of a municipality construction tender in Budapest's 6th Distr. The two agreed that Construma would submit a winning offer then step back and that the companies would realize the project together afterwards. In course of the realization of the project Royal Bau Rt grew discontent with the agreement and turned to the GVH. The Competition Office offered impunity for companies providing information on cartels in the summer. Construma Kft was fined Ft 16.5 million. (Vg 1) R.G.