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Competition Council Slaps Gambling Company Westgate Romania With EUR50,000 Fine
Romania’s antitrust watchdog has fined gambling company Westgate Romania SRL a total RON229,496 lei (nearly EUR50,000) for putting an economic concentration into practice prior to being appr...
Court Annuls Fine for Ex NN Pensii General Manager
The Bucharest Court of Appeals on Tuesday ruled to annul the RON100,000 fine the country's financial watchdog levied on the former general manager of NN Pensii, Raluca Tintoiu.
Competition Council Fines MedLife Group RON864,000 For Anticompetitive Agreements
Romania’s Competition Council fined private medical network MedLife Group nearly RON864,000, or 20% of its consolidated net profit for the first quarter of 2018, for anticompetitive agreemen...
CE Hunedoara Fined RON740M Over Carbon Emission Certificates
State-run energy holding CE Hunedoara was fined RON740 million by the environmental fund for failure to acquire its required carbon emissions quota by the April 30 deadline.
Supreme Court Suspends Competition Council’s Decision To Fine Electrolux Romania
The Supreme Court admitted the appeal whereby home appliances manufacturer Electrolux Romania requested the suspension of a decision of the Competition Council of 2014, through which the re...
MOL Loses Antitrust Suit But Gets Fine Reduced
Romania's High Court of Justice ruled irrevocably that oil group MOL breached antitrust regulations and agreed with competitors to take a type of fuel off the market but reduced the company'...
Court Reduces BRD Antitrust Fine To EUR20,000 From EUR4M
The Bucharest Court reduced to EUR20,000 a EUR4 million fine the Competition Council applied to lender BRD for obstructing inspection in 2008, antitrust authority president Bogdan Chiritoiu...
Antitrust Body Fines 11 Media Services Companies EUR3.2M
Romania's antitrust authority has fined 11 companies in the Romanian media industry a total EUR3.2 million for arrangements targeting to eliminate competing agencies on the media communicati...
Ford Fine Cancelled By Government Debt To Carmaker
US carmaker Ford will have to receive EUR15 million from the Romanian government even though the company should have been fined EUR14.25 million for its breach of the privatization contract.