The Competition Council has generated more than EUR 1bn in savings for Romania
Get real time updates directly on you device, subscribe now.
The Competition Council (CC) has generated over EUR 1 billion of savings for Romanian citizens in 20 years of activity, according to a report by the Academy of Economic Studies (ASE).
The President of the Council, Bogdan Chiriţoiu, stated that since the establishment of this institution, 345 investigations have been conducted, more than half being self-notifications by the competition authority.
The fines applied in these two decades have exceeded EUR 570 million.
The survey by the Academy of Economic Studies assessed the impact of Romanian competition policy on 10 key industries, including banking services, compulsory third party car liability insurance, private pension fund management, fuel distribution and retail trade, rador.ro informs.
DONATE: Support our work
In an ever changing and challenging world, the media is constantly struggling to resist. Romania Journal makes no exception. We’ve been informing you, our readers, for almost 10 years, as extensively as we can, but, as we reject any state funding and private advertising is scarce, we need your help to keep on going.So, if you enjoy our work, you can contribute to endorse the Romania Journal team. Any amount is welcome, no strings attached. Choose to join with one of the following options:
Donate with PayPal
Donate by Bank Wire
Black Zonure SRLUniCredit Bank. Swift: BACXROBU
RON: RO84 BACX 0000 0022 3589 1000
EURO: RO57 BACX 0000 0022 3589 1001
USD: RO30 BACX 0000 0022 3589 1002