Hungary: Competition Authority fined Paradox Security Systems Bahamas and Power Security Technology Trading HUF 365.5 million over anti-competitive practices in security technology sector

On 14 October 2025, the Competition Authority (GVH) fined Paradox Security Systems Bahamas and Power Security Technology Trading HUF 365.5 million over anti-competitive practices in the security technology sector. The GVH determined that between 2009 and 2019, Paradox Bahamas, Power, and Trioda Security Technology Plc (Trioda) restricted competition by enforcing a passive export ban that prohibited cross-border sales of Paradox products, fixing minimum installer margins amounting to indirect resale price maintenance, and prohibiting the publication of end-user prices online, thereby restricting online sales. Following the annulment of the original 2019 decision by the administrative court, the GVH repeated the proceedings and confirmed the same infringements based on the distribution contracts, seized correspondence, and evidence of market conduct. The Competition Council of the GVH fined Paradox Bahamas HUF 268 million and Power HUF 97.5 million, taking into account Power’s classification as a small and medium-sized enterprise, its cooperation, and its undertaking to implement a mandatory compliance programme.