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.
North Macedonia’s Minister of Foreign Affairs Timco Mucunski held a phone conversation with Bulgaria’s newly elected Minister of Foreign Affairs Georg Georgiev, describing it as friendly. ''I Had a friendly first phone call with Georg Georgiev, the..
Bulgaria takes part at the international exhibition for the food industry, agriculture and horticulture "Green Week 2025" in Berlin, which starts today. The event, which will last until January 26, is the largest international exhibition in the field..
Friday will be mostly sunny until midday. There will be light to moderate westerly winds. Minimum temperatures will be between minus 6°C and minus 1°C, reaching minus 10°C in some basins, and maximum temperatures between 2°C and 7°C. In Sofia,..
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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