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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and worked for almost ten years for Ziarul Financiar, the main financial newspaper in Romania. For the last six years he was editor of the capital markets section in Ziarul Financiar. He joined the Romania-Insider.com team in May 2014 as editor and partner. Besides capital markets he is also interested in trends in economy, banking and politics. He is passionate about sports, movies and literature, especially crime fiction and political intrigues (Game of Thrones). He would like to live in the countryside one day, groom a vineyard and write his own literature. Email him for interviews, conferences and story pitches at [email protected]

Romania’s Competition Council fines French retailers and their suppliers for price fixing

Romania’s Competition Council sanctioned French retailers Auchan, Carrefour and Cora and four of their suppliers with total fines worth RON 87.7 million (EUR 18.8 million) for price fixing.

The competition watchdog found that, between 2010 and 2016, the three retailers negotiated fixed or minimum prices with their suppliers Quadrant-Amroq Beverages (Pepsi), Star Foods, Strauss Romania and Nelson Prod, breaching both national and European competition rules and affecting local consumers.

Auchan Romania received the biggest fine, of EUR 7.84 million, followed by Carrefour – EUR 5.79 million and Cora – EUR 2.66 million. The Competition Council mentioned that Carrefour admitted the deeds and received a lower fine.

Quadrant Amroq Beverages, the local Pepsi producer, was fined EUR 1.28 million, and Star Foods – 0.84 million. The sanctioned companies can challenge the fines in court within 30 days.

This is the second investigation the Competition Council has carried on this market in recent years. In 2015, it sanctioned retailer Metro, Real, Selgros and Mega Image and their suppliers with total fines worth some EUR 35 million for fixing prices. Some of the companies have challenged the fines and the lawsuits are currently ongoing.

[email protected]

(Photo source: Pixabay.com)

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and worked for almost ten years for Ziarul Financiar, the main financial newspaper in Romania. For the last six years he was editor of the capital markets section in Ziarul Financiar. He joined the Romania-Insider.com team in May 2014 as editor and partner. Besides capital markets he is also interested in trends in economy, banking and politics. He is passionate about sports, movies and literature, especially crime fiction and political intrigues (Game of Thrones). He would like to live in the countryside one day, groom a vineyard and write his own literature. Email him for interviews, conferences and story pitches at [email protected]

Romania’s Competition Council fines French retailers and their suppliers for price fixing

Romania’s Competition Council sanctioned French retailers Auchan, Carrefour and Cora and four of their suppliers with total fines worth RON 87.7 million (EUR 18.8 million) for price fixing.

The competition watchdog found that, between 2010 and 2016, the three retailers negotiated fixed or minimum prices with their suppliers Quadrant-Amroq Beverages (Pepsi), Star Foods, Strauss Romania and Nelson Prod, breaching both national and European competition rules and affecting local consumers.

Auchan Romania received the biggest fine, of EUR 7.84 million, followed by Carrefour – EUR 5.79 million and Cora – EUR 2.66 million. The Competition Council mentioned that Carrefour admitted the deeds and received a lower fine.

Quadrant Amroq Beverages, the local Pepsi producer, was fined EUR 1.28 million, and Star Foods – 0.84 million. The sanctioned companies can challenge the fines in court within 30 days.

This is the second investigation the Competition Council has carried on this market in recent years. In 2015, it sanctioned retailer Metro, Real, Selgros and Mega Image and their suppliers with total fines worth some EUR 35 million for fixing prices. Some of the companies have challenged the fines and the lawsuits are currently ongoing.

[email protected]

(Photo source: Pixabay.com)

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