COMPETITION
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OMV Petrom To Battle Competition Council’s Fine
Petrom group on Tuesday said it will challenge in court the fine received from Romanian competition authorities following a fuel market probe, saying the measure is unjustified.
Cheap Gas Supply To InterAgro Complied With Competition Rules
Cheap gas deliveries to InterAgro group's plants did not raise any competition red flags, buts this does not mean the state was not prejudiced, Tuesday said Bogdan Chiritoiu, president of th...
Romania To Punish Unfair Competition By Up To Five Years In Prison
Selling the results of experiments sent to the authorities to request authorization for pharmaceutical or chemical products may be punished by six months to five years in prison, under the R...
Competition Council Recommends Differentiated Fines For Fuel Companies After Probe
The Romanian Competition Council's report on the fuel market investigation recommends differentiated fines between companies, the body's president, Bogdan Chiritoiu, said Wednesday.
Competition Council Probes Meal Voucher Market For Collusion Among Top Players
Romanian competition authorities performed inspections at three meal voucher issuers--Edenred, Sodexo Pass and Cheque Dejeuner--following suspicions of agreement between the three.
Bruynseels: BCR Could Distance Itself Further From Rivals
Romania’s largest lender Banca Comerciala Romana (BCR) has a big opportunity in terms of repricing and competitiveness, as its main rivals are undergoing a series of management or structural...
Competition Council Probes OMV Petrom's Withdrawal Of Gasoline Product
Romanian antitrust authorities are investigating oil and gas group OMV Petrom (SNP.RO) for alleged breaches of competition regulations regarding the company's withdrawal of Eco Premium gasol...
Competition Council Expands Probe At Gas Pipe Contracts Auction
Romania’s Competition Council has expanded an investigation on auction bid rigging, regarding natural gas works, to include another six companies, the authority said in a news release Tuesda...
Banks Refinanced Household Loans Worth Of EUR850 Million In One Year
About 160,000 Romanians took out loans to refinance or consolidate debt with a cumulated value of more than EUR850 million (3.6 billion lei) from June last year through May 2011. The number...