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Competition Council Fines Four Companies EUR5.6M For Bid Rigging In Gas Piping Auctions
Romania’s Competition Council on Thursday said it fined four companies a total 25.5 million lei (around EUR5.6 million) for having colluded to rig bids at two auctions organized by natural g...
CSA Fines Several Insurers RON80,000 Amid Growing Complaints
Romania’s insurance regulator CSA has applied fines of 80,000 lei (EUR17.927) to seven managers of insurance companies for a growing number of complaints from customers in the first five mon...
Consumer Protection Body Applied RON8M Fines For Shady Pricing Practices In 2011
Romania’s National Authority for Consumer Protection ANPC applied fines of 8 million lei (EUR1.8 million) in 2011 for irregularities regarding price-related practices.
Government Endorses Tougher Penalties For Abusive Practices In Energy
Romanian energy suppliers will be slapped with higher fines if they engage in practices that harm customer relations, Economy Minister Lucian Bode said Friday.
CNVM Fines Former Bourse Head After Structured Products Trading Probe
Romanian securities regulator CNVM issued fines against former bourse operator chief Valentin Ionescu and BCR trading chief Valerian Ionescu, following an analysis on the trades performed wi...
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...