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

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Samsung and the top three electronics retailers in Romania targeted by anti-trust probe

Romania's Competition Council has carried out unannounced controls at the headquarters of Samsung Electronics Romania – the local subsidiary of South Korean electronics manufacturer Samsung, and at the top three local electronics retailers – Altex, Flanco, and Dante International (eMAG).

The controls are part of an investigation into possible agreements or price-fixing practices between Samsung Electronics Romania and the three retailers, according to a press release issued by the competition watchdog.

The Competition Council started its investigation after it received a notification on its whistleblowers' platform.

Samsung Electronics Romania is the biggest distributor of electronic products on the local market, with a turnover of over RON 5 bln (EUR 1 bln) in 2019.

Altex, Flanco, and Dante International (eMAG) are the biggest electronics retailers in Romania. The three companies had a combined turnover of RON 9.8 bln (EUR 2 bln) in 2019, based on public data.

Thus, if the investigation confirms the suspicions related to the four companies' anti-competitive behavior, it could lead to significant sanctions. The Competition Council can rule fines of up to 10% of the investigated companies' turnover.

"The unannounced inspections are an important step in the procedures for investigating possible anti-competitive behavior, as they do not represent a forewarning on the companies' guilt. The documents collected are under the analysis of the Romanian competition authority, within the specific procedures," the Competition Council said.

editor@romania-insider.com

(Photo source: Dreamstime.com / Cosmin Constantin Sava)

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

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at andrei@romania-insider.com. 

 

Samsung and the top three electronics retailers in Romania targeted by anti-trust probe

Romania's Competition Council has carried out unannounced controls at the headquarters of Samsung Electronics Romania – the local subsidiary of South Korean electronics manufacturer Samsung, and at the top three local electronics retailers – Altex, Flanco, and Dante International (eMAG).

The controls are part of an investigation into possible agreements or price-fixing practices between Samsung Electronics Romania and the three retailers, according to a press release issued by the competition watchdog.

The Competition Council started its investigation after it received a notification on its whistleblowers' platform.

Samsung Electronics Romania is the biggest distributor of electronic products on the local market, with a turnover of over RON 5 bln (EUR 1 bln) in 2019.

Altex, Flanco, and Dante International (eMAG) are the biggest electronics retailers in Romania. The three companies had a combined turnover of RON 9.8 bln (EUR 2 bln) in 2019, based on public data.

Thus, if the investigation confirms the suspicions related to the four companies' anti-competitive behavior, it could lead to significant sanctions. The Competition Council can rule fines of up to 10% of the investigated companies' turnover.

"The unannounced inspections are an important step in the procedures for investigating possible anti-competitive behavior, as they do not represent a forewarning on the companies' guilt. The documents collected are under the analysis of the Romanian competition authority, within the specific procedures," the Competition Council said.

editor@romania-insider.com

(Photo source: Dreamstime.com / Cosmin Constantin Sava)

Normal
 

Romania Insider Free Newsletters