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31.03.2011 9:27
The Supreme Administrative Court Decided That There Is a Construction Sector Cartel
The Court’s decision supports the ruling of the Commission on Protection of Competition from May ‘2010
AUTHOR: publics.bg


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The Bulgarian Commission on Protection of Competition (CPC) announced, that the Bulgarian Supreme Administrative Court (SAC) confirmed a ruling by the economic regulator from May ‘2010 according to which the Bulgarian Construction Chamber (BCC) was fined with 175,000 BGN (about 90 thousand EUR). The sanction is because of collusion agreements between the Chamber’s members and was confirmed by a 3-member board of the SAC.

The CPC research on the matter showed that the BCC published reference prices for high buildings, hydro, and road construction on its website and that these prices were meant to be used in the construction sector of Bulgaria.

According to the CPC announcement, the construction sector in Bulgaria has about 20 thousand participants, mainly small and medium enterprises. About 42% of them are members of the BCC and they produce 90% of the total construction works in the country. The SAC ruling may be appealed before a 5-member board of the Court within a 2-week deadline, CPC reminds.
 


TAGS: CPC | competition | regulator | court | chamber | construction | BCC | SAC 


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