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GVH urges capacity incentives after brick market probe

Construction

Image by Pixabay

Hungary's Competition Office (GVH) on Monday said it saw no reason to launch an oversight procedure following a probe of the ceramic masonry elements market, but it recommended the government incentivize an expansion of local production capacity, according to a report by state news wire MTI.

The watchdog said increasing domestic production capacity could counter market concentration and boost competition.

GVH said the probe, conducted amid a marked rise in building materials prices, showed "large-scale discrepancies" between prices at various sellers and it urged buyers to shop around.

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