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Tag Archives: Competition Council

Competition Council approves some OMV Petrom SA assets takeover by Mazarine Energy

The Competition Council has approved the transaction whereby Mazarine Energy Romania SRL takes over OM Petrom SA assets, i.e. oil fields, the institution informs on Thursday. The Council approved a similar deal between the two companies in 2017, when Mazarine ...

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Senate Standing Bureau approves parliamentary investigation on the Competition Council

The Senate Standing Bureau has approved on Tuesday the request filed by Daniel Zamfir, chairman of the Economic Committee, to start a parliamentary investigation on the Competition Council regarding the report on investigating the ROBOR manipulation. “The Competition Council started ...

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Update: Competition Council fines almost EUR 19m Auchan, Cora, Carrefour and suppliers. One of the companies rejects charges

Three hypermarket chains and 4 suppliers were fined by the Competition Council (CC) RON 87,713,336 (approx. EUR 18.8 million) for violating the regulations concerning prices. “The sanctions were enforced within the investigation concerning price rigging by Auchan, Cora and Carrefour ...

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Bogdan Chiritoiu: Competition Council starts analysis on ROBOR level

The Competition Council (CC) has started an analysis on the ROBOR level in the latest period of time, given the index’s fluctuation after the GEO 114 on fiscal measures, Bogdan Chiritoiu, the institution’s chief, said on Monday. “We are conducting ...

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Official hints at replacing BNR Governor and Competition Council chief

Darius Valcov, adviser to Prime Minister Viorica Dancila on economic issues, suggests Governor Mugur Isarescu could be replaced from the National Bank’s helm and hints also at Competition Council chief, urging an investigation on banks. Asked whether Mugur Isarescu has ...

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Six companies, including a big Japanese group , fined by the Competition Council for rigging tender

The Competition Council has fined six companies for anti-competitive practices in Romania, including a Japanese world communication technology group. The fine, worth RON 9 million (around EUR 2 million), has been applied following an investigation kicked off at the end ...

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Competition Council fines 13 tourism agencies and ANAT by EUR 2.45m

The Competition Council has sanctioned 13 tourism agencies and the National Association of Tourism Agencies (ANAT) with fines totaling RON 11,419,539.35 (approx. EUR 2.45 million). The competition authority claims that they have coordinated their behavior on the market for the ...

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Competition Council: No referral on alleged illegal deals among banks

The Competition Council says it has received no referral from the public institutions regarding alleged illegal deals among banks on the companies’ lending, as a retort to the ALDE senator Daniel Zamfir’s allegations on this topic. Zamfir is the chairman ...

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Update: Competition Council fines EUR 53m nine insurance companies and UNSAR, which could challenge decision in court

The Competition Council (CC) has announced on Tuesday it has fined nine insurance companies and the National Union of Insurance and Reinsurance Companies in Romania (UNSAR) by RON 246,739,195 (approx. EUR 53 million) for violating the national and European regulations ...

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Competition Council investigates anticompetitive conduct on the cement market – Holcim Romania, CRH Romania and HeidelbergCement suspected

The analysis of the cement industry production and trade in Romania indicates an atypical situation in which the cement producers maintain their market shares approximately equal and stable over time, with the increasing risk of some forms of coordination of ...

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