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Capital Market

OPCOM May Sue EC, ANRE Over EUR1M Fine

Romanian power exchange OPCOM might sue the European Commission as well as Romania’s energy watchdog ANRE over the EUR1 million fine imposed for discriminating against foreign electricity tr...

Gabriela Stan · 10.03.2014 · 16:37 · 1 min
Court Rejects Rompetrol Downstream’s Claim To Have Antitrust Fine Annulled
Energy

Court Rejects Rompetrol Downstream’s Claim To Have Antitrust Fine Annulled

The Bucharest Court of Appeals has overruled a claim filed by Rompetrol Downstream, the fuel distribution unit of oil group Rompetrol, to have a 160 million lei (EUR37.8 million) fine applie...

Ioana Tudor · 01.10.2013 · 16:15 · 1 min
Court Rejects MOL’s Claim To Have Antitrust Fine Annulled
Energy

Court Rejects MOL’s Claim To Have Antitrust Fine Annulled

The Bucharest Court of Appeals has overruled Hungarian oil group MOL’s claim to have a RON80.2 million antitrust fine annulled, upholding the Competition Council’s decision.

Oana Gavrila · 20.06.2013 · 13:08 · 1 min
Bucharest Court Of Appeals Issues Different Decisions For Orange, Vodafone Romania In Same Case
Technology &Telecoms

Bucharest Court Of Appeals Issues Different Decisions For Orange, Vodafone Romania In Same Case

The Bucharest Court of Appeals on Tuesday rejected a legal action filed by Vodafone Romania against Romania’s antitrust body through which the mobile operator demanded the cancellation of a...

Ioana Tudor · 12.06.2013 · 13:22 · 1 min
Farmexpert Wins In Court 90% Cut In Antitrust Fine
Health

Farmexpert Wins In Court 90% Cut In Antitrust Fine

The Bucharest Court of Appeals has ruled to reduce by 90% to 1 million lei (EUR226,480) an antitrust fine of around RON11 million applied by the Romanian Competition Council to pharmaceutica...

Ecaterina Craciun · 26.03.2013 · 12:15 · 1 min
Mediplus Fails To Get RON49.23M Antitrust Fine Scrapped, But Wins Discount
Health

Mediplus Fails To Get RON49.23M Antitrust Fine Scrapped, But Wins Discount

Romanian pharmaceutical wholesaler Mediplus has failed to get its antitrust fine of 49.23 million lei (EUR11.2 million) scrapped, but it has succeeded in getting its payment reduced to RON32...

Ecaterina Craciun · 25.01.2013 · 13:31 · 1 min
Banks-Insurance

Procurement Authority Applies Fines Of EUR198,000 For Illegal EU-Funded Contracts

Romanian procurement authority ANRMAP applied fines of 900,000 lei (about EUR198,000) following checkups targeting 48 EU-funded contracts, and referred the case to the National Anticorruptio...

Ioana Tudor · 26.10.2012 · 15:31 · 1 min
Technology &Telecoms

ANCOM Fines Direct Post Again For Monopoly Breach, Suspends Its Right To Operate Until Yearend

Romania's telecom market regulator ANCOM has fined Direct Post Services 40,000 lei (EUR8.755), for the third time, for breaching state-owned postal company Posta Romana's monopoly on postal...

Ecaterina Craciun · 15.10.2012 · 16:30 · 1 min
Ponta Opens Bucharest-Ploiesti Highway, Says Will Still Fine Contractors For Delays
Automotive

Ponta Opens Bucharest-Ploiesti Highway, Says Will Still Fine Contractors For Delays

Romanian Prime Minister Victor Ponta on Thursday cut the ribbon to open traffic on the A3 highway, linking capital Bucharest to Ploiesti, but said the Government will still charge constructo...

Oana Gavrila · 19.07.2012 · 10:30 · 1 min