“There are rulings we find strange sometimes, such as the one passed by the Bucharest Court a few weeks ago. I don’t see how BRD can be discouraged from breaking the law by a mere RON100,000 fine. It’s a final and irrevocable ruling that we’ll soon have to apply,” Chiritoiu said at the Mediafax Talks about Competition conference.
He said the initial fine was of EUR4 million.
The court motivated its ruling citing general legislation, which limits fines at RON100,000, overriding antitrust legislation.
Chiritoiu said he was intrigued the same court, allowed a EUR1 million fine applied to Raiffeisen Bank.
He added legislation must be improved to eliminate such loopholes.