The competition-related problems on the currency market were discussed in a meeting staged by the Competition Council on March 11. Representatives of the authority warned the participants in the currency market (banks, currency exchange facilities) about the effects of the dishonest activities and tacit agreements between some players, which affect the competition environment and the welfare of consumers, IPN reports.
In the meeting, the representatives of the currency market were familiarized with the role and powers of the Competition Council in dealing with the problems in this sector.
It should be noted that on March 6 the Competition Council imposed a fine of 5.3 million lei on four economic entities (Maximum, Bomba, FoxMart, and Alina Electronic) that exaggeratedly and simultaneously increased the prices of domestic appliances. The fine is to be paid into the state budget within 60 days.
