The author reviews the experience of the first five years of EU membership from the point of view of the Hungarian Competition Authority (GVH). He outlines the effects of the EU accession on competition, and describes GVH's competition supervision proceedings investigating the activities of...

The significance of factoring increased enormously in recent years especially as a form of executing international payments. The volume of factoring transactions, however, differs significantly per geographical area. Factoring turnover totalled to 860 billion euros, of which 612 billion was...