12 stories found
The head of Romania's Competition Council, Bogdan Chirițoiu, stated that the institution is continuously monitoring the fuel market and will publicly present its conclusions regarding recent price increases.
Romanian banks are facing unprecedented cumulative fines exceeding 700 million euros following a Competition Council investigation into ROBOR manipulation. The head of the Competition Council, Bogdan Chirițoiu, stated that while not a classic cartel, numerous contacts existed.
Bogdan Chirițoiu, President of the Competition Council, stated that the government's decision to reduce fuel excise duty for everyone was suboptimal. He argued that the measure should have targeted only those genuinely in need.
SAS has announced the cancellation of several flights, primarily domestic routes in Norway, but also other routes, citing high fuel prices as the reason.
Bogdan Chirițoiu, President of the Romanian Competition Council, stated that he cannot rule out the possibility of fuel operators profiting from price increases before a new commercial margin cap takes effect.
Despite recent increases pushing gasoline prices above 9 lei per liter and diesel close to 10 lei, Bogdan Chirițoiu states that fuel in Romania remains 16% cheaper than the European average.
The Romanian Competition Council is investigating how the ROBOR index is set, focusing on banks' behavior. Potential fines could be substantial given the companies' size.
Șeful Consiliului Concurenței, Bogdan Chirițoiu, a declarat luni pentru Agerpres că instituția monitorizează „constant evoluțiile din sectorul distribuției de carburanți”, urmărind inclusiv prețurile…
The Romanian Competition Council has fined several banks for violating competition norms related to the ROBOR index, prompting the National Bank of Romania to request explanations. The decision exclusively targets the banks' infringement of competition rules.
Romania's Competition Council is investigating banks for potential manipulation of the ROBOR index, with a decision expected next month after reviewing bank responses.
The President of the Competition Council, Bogdan Chirițoiu, warned that public announcements of intentions to increase prices could lead to coordination among competitors and an artificial rise in market prices.
Consiliul Concurenței monitorizează constant evoluțiile din sectorul distribuției de carburanți pentru a se asigura că modificările de preț sunt determinate de factori obiectivi, a transmis luni…