Taxi companies in Bucharest could get fine from Romanian competition authority for price fixing cartel

Romania’s Competition Council could rule up to EUR 1.8 million fines against the largest taxi companies in Bucharest for cartel practices, after a two-year investigation, according to Economica.net. The competition authority has found that large taxi companies, such as Meridian, Cristaxi, Cobalcescu, Grup AS, Pelicanul and Speed, have set up a cartel to fix prices for taxi fares in Bucharest, according to a report. This investigation started about two years ago, after all taxi companies in Bucharest started charging the same price, RON 1.39 (32 eurocents) per kilometer, which is the minimum price set by Bucharest’s local authorities. editor@romania-insider.com