COMPETITION COUNCIL
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Competition Council Ends Investigation On Drug Wholesale Market, Levies No Sanctions
Romania’s Competition Council has closed an investigation into local drug wholesalers without levying any sanctions although the investigation report sets fines up to 4% of turnover for the...
Bucharest Court Of Appeals Cancels Fine Against Pension Fund BCR Pensii
The Bucharest Court of Appeals cancelled a 391,809 lei (EUR90,286) fine applied by the Competition Council in 2010 against private pension fund BCR Pensii for breaching the law regulating th...
Renewable Energy Needs To Stand On Its Own - Competition Council VP
Renewable energy will soon have to stop relying on government support, since companies investing on this segment are “spoiled” with state aid, Tuesday said Valentin Mircea, vice-president of...
Oil Companies To Challenge Fuel Probe Results, Competition Council Says Had Direct Evidence For It
The Competition Council on Tuesday delivered the most eagerly awaited verdict of a probe, saying that the major oil companies were guilty of having reached an understanding to withdraw a typ...
Rompetrol Group To Challenge Antitrust Fine In Court
Rompetrol, one of the six oil companies fined by the Romanian Competition Council within a fuel market probe, Tuesday said it will challenge the fine in court, since it considers it illegal...
Petrom, Others Slapped With EUR205M Fine In Fuel Probe
Romanian antitrust regulator Tuesday fined six top players in the oil industry, including OMV Petrom (SNP.RO) and Rompetrol Rafinare (RRC.RO), with a total amount of around 880 million lei (...
Romanian Top Oil Players Slapped With Hefty Fines In Fuel Probe - Sources
Romania’s top oil companies were fined with amounts of up to 3% of their sales reported for 2010 following a probe into the local fuel market, people familiar with the situation told MEDIAFA...
Competition Council Recommends Fines In Fuel Market Probe Report
The Romanian Competition Council will present next week the results of its fuel market investigation, recommending fines that are below the 10% of turnover ceiling, the authority’s president...
Romania’s Competition Council Issued Fines Worth EUR83.5M In 2011
The Romanian competition council applied fines worth a total EUR83.5 million in 2011, representing 80% of all fines issued by the institution in its 14 years of activity, Thursday said Bogda...