The Commission for Protection of Competition has filed cartel claims against six petrol and diesel retail companies-Lukoil Bulgaria EOOD, Eco Bulgaria EAD, Shell Bulgaria EAD, OMV Bulgaria OOD, Nis Petrol EOOD and Petrol AD. Based on inspections and analyses, CPC believes that the actions of the abovementioned companies were “violation consisting of prohibited agreement and/or coordinated practice of exchange of pricing information and conducting a common price policy and exchange of information on sales volumes and of other market information for the purposes of pricing cooperation aimed at restricting, preventing and violating the competition on the market of diesel and petrol in Bulgaria”. Theoretically, if the Commission for Protection of Competition manages to prove the existence of a cartel in court, each company may be fined with up to 10% of its annual turnover. In 2015 the total turnover in that sector amounted to just over EUR 3 billion, Capital daily comments.
Natural gas supplies from Azerbaijan to Bulgaria have not yet resumed . This is reported by BTA citing the Bulgarian state gas company Bulgargaz EAD. The state supplier said that according to the latest available information, the technical problems..
GERB leader Boyko Borissov predicted a long political life for the Zhelyazkov cabinet. Speaking to journalists at the National Assembly after almost a month of silence, Borissov stressed that the the best-prepared experts from GERB had entered the..
With 125 votes in favour and 114 against, the National Assembly has approved the government of Prime Minister Rosen Zhelyazkov. The "yes" votes came from the three political forces directly involved in the government - GERB-SDS, BSP-United Left and..
A global campaign focusing on the right of every child to grow up in a family environment has been launched in Sofia on the initiative of the UK..
Since 2007, when Bulgaria joined the European Union, the country has received €16.3 billion in EU funds, according to an analysis by the Institute for..
On the basis of December inflation data published yesterday by Eurostat, the Institute for Market Economics (IME) forecasts that the country could join..
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