“We take decisions, sometimes apply high fines and the money collected goes to the state budget, and it is crucial that courts uphold these decisions,” Chiritoiu said.

The Bucharest Court of Appeals is expected to issue rulings in the next weeks on fines applied on the telecommunications and oil markets, he added.

Most of the fines, which amount to EUR300 million, have already been transferred to the state budget, according to Chiritoiu.

In 2013, the Competition Council plants to start several inquiries on the electricity and road construction markets.