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.
The villages of Yablanovo and Filaretovo will today hold a memorial ceremony for the victims of the forced renaming of Bulgarian Turks during the so-called "revival process" a campaign of forced assimilation under communism, in which people of Turkish..
Sunny skies will continue over most of the country on Sunday. It will be foggy in the valleys and some of the plains, but there will be a temporary improvement in visibility and a break in the clouds in the afternoon. The weather will be almost calm...
Another protest over the death of 18-year-old Andrea has blocked the road to Kyustendil near the village of Yabalkovo. The girl was killed 20 days ago in a car accident with loose horses. The protest organisers vowed not to reopen the road until..
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..
On the basis of December inflation data published yesterday by Eurostat, the Institute for Market Economics (IME) forecasts that the country could join..
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..
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