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Results 1 - 25 from 47 for "fines"

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  • Romania's Antitrust Watchdog Fines Eight Companies Active On Protective Equipment Market

    12.23.2022

    Romania’s Competition Council has slapped eight companies that sell products and personal protective equipment for work safety and healthcare industry with fines amounting to RON4.88 million more

  • Financial Watchdog Fines City Insurance Board Members

    01.26.2021

    Romania's financial supervisory authority has fined members of the management and supervisory boards of City Insurance, the biggest insurance company on the local market, a total of RON3.8 million. more

  • Filip&Company: Romania Antitrust Body Imposed Over EUR70M In Fines In 2020

    01.19.2021

    Romania’s Competition Council has imposed over EUR70 million in fines in 2020, the year which came after a period of transition during which the antitrust body did not finalize a large number of more

  • Antitrust Body Fines ALB Romania, 16 Leasing Firms EUR8.4M For Exchange Of Commercially Sensitive Information

    01.12.2021

    Romania's Competition Council on Tuesday said it has fined the association of financial companies in Romania (ALB) and 16 member companies a total RON41.2 million (nearly EUR8.47 million) for more

  • Antitrust Body Fines Nine Romanian Agricultural Machinery Traders EUR26.1M For Price Fixing

    01.08.2021

    Romania's Competition Council said Thursday it has fined nine companies active on the agricultural machinery market a total RON127 million (nearly EUR26.5 million) for fixing the sale price of the more

  • Antitrust Body Fines Large Retailers, Suppliers EUR18.8M for Price Fixing

    01.31.2019

    Romania's antitrust body said Thursday it has fined retailers Auchan, Cora and Carrefour, as well as four of their suppliers, a total of RON87.7 million (EUR18.8 million) for price fixing. more

  • Competition Council Fines CRH Ciment And Comnord Over EUR655,000

    01.15.2018

    Romania’s Competition Council has fined companies CRH Ciment and Comnord over RON3,056,314 (nearly EUR655,904), for implementing an economic concentration before being licensed by the antitrust more

  • Competition Council Applied Fines Of EUR15M In 2016

    01.19.2017

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  • Competition Council Fines Five Dairy Companies EUR1.9M For Bid Rigging

    12.09.2016

    Romania’s Competition Council on Thursday said it fined five companies a total RON8,591,540 (nearly EUR1.9 million) for having colluded to rig bids at auctions organized in 2010 and 2011, in the more

  • Competition Council Completed 21 Investigations, Applied EUR54M Fines In 2015

    05.23.2016

    Romania’s Competition Council completed 21 investigations in the sectors of electricity, fuels and telecommunications and applied fines of nearly EUR54 million in 2015, up 30% on the year, Council more

  • Antitrust Watchdog Fines Hidroelectrica And 10 Partner Companies For Unfair Competition

    01.11.2016

    The Competition Council fined Hidroelectrica and 10 partner firms, mainly energy traders, a total RON165.8 million (EUR37 million), for concluding anti-competitive agreements on the energy production more

  • Antitrust Authority Wins Suit Over Transgaz Rigged Auctions

    06.08.2015

    Romania's antitrust authority has won a lawsuit maintaining fines it applied to TMUCB, Moldocor, Condmag and Inspet for rigged auctions back in 2012. more

  • Romania's Antitrust Body Fined 53 Companies For Unfair Competition In 2014

    04.16.2015

    Romania’s Competition Council last year fined 53 companies a total 185 million lei (some EUR42 million) for anticompetitive behavior, more than double against 2013, the antitrust watchdog said in more

  • Selgros, Mega Image And Tymbark Set To Appeal Antitrust Fine In Court

    01.13.2015

    Selgros Cash&Carry on Tuesday rejected the accusations of Romania’s Competition Council, which fined the company RON6.6 million, and awaits the watchdog’s motivation in order to start legal more

  • Antitrust Body Slaps Four Retailers And 21 Of Their Suppliers With EUR35M Fine

    01.13.2015

    Romania’s antirust watchdog has fined retailers Metro, Real, Selgros and Mega Image and 21 of their suppliers a total 154 million lei (some EUR35 million) for price-fixing arrangements between 2005 more

  • Antitrust Watchdog Slaps Several Oil Drilling Companies With EUR3M Fine

    12.22.2014

    Romanian antitrust authorities have fined oil drilling companies Dafora Medias, Upetrom 1 Mai, Foraj Sonde Craiova and Foraj Sonde Targu-Mures a total of EUR3 million for rigging auctions for drilling more

  • Antitrust Watchdog: 26 Companies Risk Fines Following Investigation On Retail Market

    10.05.2014

    Romania’s Competition Council may impose fines on 26 companies following its investigation on the local retail market targeting contracts concluded between Metro, Selgros, Mega Image, Interex and more

  • Prison Time Would Discourage Antitrust Practices More Than Fines - Official

    09.30.2014

    Prosecution should have a more active involvement in antitrust cases, as prison time for managers breaching antitrust legislation would be a higher deterrent in such cases even though antitrust fines more

  • Competition Watchdog Recommends Fines For Metro, Selgros, Mega Image, Interex

    09.30.2014

    Romania's competition watchdog finalized the investigation on the retail market regarding Metro, Rewe (Selgros Cash & Carry), Mega Image and Interex and their suppliers and recommends their fining by more

  • Antitrust Authority Estimates To Apply Fines Of EUR20M This Year, Same As In 2013

    05.06.2014

    Romania’s antitrust authority will open around 20 new investigations this year and estimates it will apply fines totaling some EUR20 million, roughly the same as last, Competition Council president more

  • ASF Mulls Fining BCR, Central Depository, SSIF Broker On Harinvest Fraud

    03.11.2014

    Romania’s Financial Supervisory Authority ASF will decide Wednesday on fining BCR, the central Depository and SSIF Broker, in the case of the fraud at Harinvest brokerage firm, ASF vice-president more

  • Romanian Antitrust Watchdog Fines 14 Electronics&Appliance Companies

    01.16.2014

    Romanian antitrust authorities gave fines totaling 56.5 million lei (EUR12.7 million) to 14 electronic and home appliance companies, members of Rorec and Ecotic associations, for sealing more

  • ASF Imposed Fines Of RON5M In 2013

    01.13.2014

    Romania’s Financial Supervision Authority (ASF) imposed 129 fines totally worth 4.89 million lei (slightly above EUR1 million) on capital market entities (investors, brokers, issuers) from April more

  • Romanian Government Seeks To Outlaw Hitchhiking

    12.17.2013

    Romania’s Transport Ministry has drafted a government emergency ordinance seeking to outlaw the practice of hitchhiking, saying it affects the activity of passenger transport companies, the state more

  • Competition Council Fines Four Companies EUR5.6M For Bid Rigging In Gas Piping Auctions

    11.01.2012

    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 gas more

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