Study presented in Brussels: Competition Council has brought benefits of over EUR 1 bn in 20 years


Get real time updates directly on you device, subscribe now.

The Competition Council has brought to the Romanian economy benefits of over EUR 1 billion in 20 years, since it was established. Thanks to the fines with which the institution sanctioned the companies that disregarded the rules of competition, Romanians had access to goods and services at fair prices, often the smallest against the rest of the European Union. This is the conclusion drawn by a study conducted by the Academy of Economic Studies (ASE), presented in Brussels.

According to the study, in 20 years since the establishment of the Competition Council, the fines given by the institution have had effects in the real economy, beyond the amounts collected to the state budget, reports.

“From our actions, the consumers paid less by EUR 1 billion, so there were direct savings, by price cuts, savings made by the Romanian consumers,” said Bogdan Chiriţoiu, the president of the Competition Council.

Difficulties in the investigations conducted by the council arise in cases when the investigated firms are not based in Romania. In these cases, collecting the fines may prove difficult, which is why the Competition Council supports the adoption of a European directive establishing a kind of fiscal Interpol.

The Competition Council starts the new year with investigations in various fields, from the banking sector to the medicines market, and their results will be revealed in the spring.


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 SRL
UniCredit Bank. Swift: BACXROBU
RON: RO84 BACX 0000 0022 3589 1000
EURO: RO57 BACX 0000 0022 3589 1001
USD: RO30 BACX 0000 0022 3589 1002

Leave A Reply

Your email address will not be published.