Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Competition Council: Cumulated value of fines imposed exceeds...

Competition Council: Cumulated value of fines imposed exceeds 1.2 million lei in January-June

November 15, 2018

The Competition Council in the first six months of this year has a rich activity, with investigations in almost all the economy sectors, the cumulated value of the fines imposed by this authority accounting for approximately 1.226 million lei, according to the Report on the evolution of Competition in Key Sectors. In the first half of 2018, the Competition Council initiated eight investigations into possible violations of the competition law, as follows: horizontal cartel – 50%, abuse of dominant position – 12.5%, unnotified economic concentrations – 12.5%, anti-competitive operations of the public administration – 25%. Moreover, one of the eight investigations initiated in the reference period targets both the violation of the national legislation and of the European one. In January-June, the competition authority concluded 2 investigations into a possible violation of the competition law, both representing abuses of dominant position. In respect to the structure of investigations underway on June 30, it was as following: the violation of the national legislation – 57% of the cases and the violation of the national and community law – 43%. 40% of the investigations targeted a key economic sector – 40% and other sectors – 60%. In 2017, the total value of fines imposed by the Competition Council was of 123.114 million lei (26.95 million euros). By comparison, the quantum of the budget financed from public founds in 2017 accounted for 47.1 million lei.

The post Competition Council: Cumulated value of fines imposed exceeds 1.2 million lei in January-June appeared first on Nine O' Clock.

Read in full - click here
BCR Romania Manufacturing PMI: Romanian manufacturing output expands for the first time in ten months

Production and new orders rise after nine straight months of decline Business confidence picks up, while hiring is back on the agenda Cost inflation eases and selling prices rise only fractionally An improvement in the health of the Romanian manufacturing sector was signalled for the first time in the survey's history, according to the latest […]

Raiffeisen Bank: 50% growth in financial planning and strong support for Romanian SMEs in Q1 2024

Raiffeisen Bank Romania continues its growth strategy in personal financial planning, up 50% in the first quarter of the year in the segment of investment plans, voluntary pensions and life insurance with a savings component. At the same time, it continued to support SMEs and accelerated investments to launch new functionalities in the mobile banking […]

Romania’s spectacular Transfăgărășan mountain road to open earlier this year

Road crews have begun snow removal on Romania’s spectacular mountain road known as Transfăgărășan. Since there is less snow than in other years, the road could be opened much earlier than the usual date of July 1, according to authorities. Transfăgărășan, Romania’s second-highest road after Transalpina, is being cleared of snow so it can be […]

SoNoRo Conac: Chamber music event to hold concert at King Charles’s house in Viscri

The chamber music event SoNoRo Conac has announced a new segment of its tour, which will see two concerts this month, one hosted by the Viscri house of King Charles III and the other by the Balș House in Iași. The concerts, delivered by musicians Răzvan Popovici (viola), Alexandru Spînu (viola), and Cristiana Mihart (piano), are scheduled […]

Weekend calendar: Open Streets, Art Safari and more

Several exhibitions remain open in Bucharest during the Easter weekend, when those who haven’t left the city can enjoy the Open Streets event or visiting the Botanical Garden. In Bucharest: Open Streets Every weekend until October 13 ...

Far-right Romanian politician Diana Șoșoacă enters race for mayor of Bucharest

Far-right Romanian senator Diana Șoșoacă has entered the race for mayor of Bucharest after gathering all the necessary signatures for her candidacy.  The Electoral Office accepted her candidacy on the very last day she was eligible to submit it. This came after her application was rejected over the weekend because she did not have enough […]