01.10.2012

Petrom group on Tuesday said it will challenge in court the fine received from Romanian competition authorities following a fuel market probe, saying the measure is unjustified. more

01.10.2012

Cheap gas deliveries to InterAgro group's plants did not raise any competition red flags, buts this does not mean the state was not prejudiced, Tuesday said Bogdan Chiritoiu, president of the Romanian more

01.10.2012

Rompetrol, one of the six oil companies fined by the Romanian Competition Council within a fuel market probe, Tuesday said it will challenge the fine in court, since it considers it illegal and more

01.10.2012

Romanian antitrust regulator Tuesday fined six top players in the oil industry, including OMV Petrom (SNP.RO) and Rompetrol Rafinare (RRC.RO), with a total amount of around 880 million lei (EUR205 more

01.10.2012

Romania’s top oil companies were fined with amounts of up to 3% of their sales reported for 2010 following a probe into the local fuel market, people familiar with the situation told MEDIAFAX more

01.05.2012

The Romanian Competition Council will present next week the results of its fuel market investigation, recommending fines that are below the 10% of turnover ceiling, the authority’s president Bogdan more

01.05.2012

The Romanian competition council applied fines worth a total EUR83.5 million in 2011, representing 80% of all fines issued by the institution in its 14 years of activity, Thursday said Bogdan more

12.29.2011

Selling the results of experiments sent to the authorities to request authorization for pharmaceutical or chemical products may be punished by six months to five years in prison, under the Romanian more

12.21.2011

The Romanian Competition Council's report on the fuel market investigation recommends differentiated fines between companies, the body's president, Bogdan Chiritoiu, said Wednesday. more

12.19.2011

Romanian competition authorities performed inspections at three meal voucher issuers--Edenred, Sodexo Pass and Cheque Dejeuner--following suspicions of agreement between the three. more

12.12.2011

Romania’s largest lender Banca Comerciala Romana (BCR) has a big opportunity in terms of repricing and competitiveness, as its main rivals are undergoing a series of management or structural more

12.08.2011

Romania’s gas market is not integrated into the EU market because of price disparities, Competition Council president Bogdan Chiritoiu said Thursday. more

11.28.2011

Romanian Competition Council on Monday said it has approved the merger between Alpha Bank and EFG Eurobank, where the former absorbs the latter, concluding that antitrust regulations are not breached. more

11.17.2011

Businesspeople in Romania fail to understand and assume the concept of competition, and arbitrarily deem situations that “don’t suit them” as unfair competition, Competition Council more

11.17.2011

Romanian authorities will complete this winter an ordinance aimed at regulating unfair competition, Bogdan Chiritoiu, president of the Competition Council, said Thursday, adding that duties in this more

11.17.2011

The European Commission supports the conclusions reached by Romanian competition authorities in the fuel market investigation started in 2005, and it recommends the sanctioning of companies involved. more

11.16.2011

Romanian antitrust authorities are investigating oil and gas group OMV Petrom (SNP.RO) for alleged breaches of competition regulations regarding the company's withdrawal of Eco Premium gasoline more

11.15.2011

Romania’s Competition Council has expanded an investigation on auction bid rigging, regarding natural gas works, to include another six companies, the authority said in a news release Tuesday. more

11.08.2011

Romania’s planned reorganization of the energy sector has gone from one failure to another, even if the authorities have not formally withdrawn any of the projects that were announced and then more

10.21.2011

Malfunctions on the Romanian medicine market block the activity of small distributors and limit sales of cheaper drugs to below 1% of the total value of the market, show the results of an more

10.12.2011

The Romanian Competition Council fined 7.8 million lei (about EUR1.8 million) medicine producers Baxter and Belupo and their distributors for sealing antitrust agreements impeding medicine exports. more

10.06.2011

The Bucharest Court of Appeals cancelled a 150,301 lei (EUR34,850) fine applied by the Competition Council in 2010 against private pension fund Aegon Fond de Pensii for breaching the law regulating more

10.06.2011

Romanian competition authorities on Thursday performed unannounced inspections at the headquarters and branches of 17 companies suspected of rigging bids in auctions held by Transgaz (TGN.RO) and more

10.04.2011

About 160,000 Romanians took out loans to refinance or consolidate debt with a cumulated value of more than EUR850 million (3.6 billion lei) from June last year through May 2011. The number of such more

09.27.2011

The Romanian Competition Council challenged the decision of the Bucharest Court of Appeals which suspended a 147.98 million lei (about EUR34.32 million) fine against mobile operator Orange Romania. more