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Romanian Competition Authority: Consiliul Concurentei fines bread sector

( December 11, 2009, 14:45 GMT | Official Statement) -- MLex Summary: The Romanian competition authority has fined 48 bakeries in the Maramures and Vrancea regions, and the cereal storage association a total of 1.5 million euros for price fixing. In addition to fining the cereal storage association 8 percent of turnover, the competition authority also referred its president. Scurteli Ioan, to criminal investigation bodies for his decisive role in the breach of competition law. This is the first time the authority uses this power.The full statement follows (in Romanian):...

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