Sofia Echo


Bulgaria competition watchdog fines four cash register producers 1M leva

Author: The Sofia Echo staff Date: Wed, Apr 18 2012 5525 Views
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Bulgaria's competition regulator said on April 18 that it fined four companies making and selling cash registers a total of one million leva for entering a price-fixing cartel.

The Commission on Protection of Competition (CPC) launched an investigation in 2009, following media reports that the four companies raised prices on all of their models of cash registers simultaneously.

The investigation found that on two occasions, in February 2008 and April 2009, the companies did raise prices at the same time, showing that they co-ordinated their pricing policy in a way that harmed competition. Further proof of such co-ordination was found in corporate correspondence, CPC said in a statement.

The highest fine, 503 280 leva, was imposed on Datex, while Eltrade was fined 257 928 leva. The other two companies fined by the regulator were Daisy Technology and Tremol.

The ruling can be appealed within 14 days at the Supreme Administrative Court.

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