Romania's anti-trust authority fines eight cos total 4.88 mln lei (992,350 euro)

The companies used to exchange sensitive information with the purpose of increasing their profit margins, the Competition Council said in a press release on Monday. Also, the eight companies used to coordinate their prices at private auctions hosted by some clients.

The companies fined by the anti-trust body are - Renania Trade, Avanti, Tricomexim, T&T Invest, Mariad Serv, Litind, Dalgeco Confectii Textile and Lingemann Beschaffungssysteme.

Due to their collaboration with the Competition Council and significant contribution to the investigation, Renania, Avanti, Dalgeco and T&T received reductions of their fines.

The products which were subject to anti-competitive agreements included clothing, footwear, medical masks, devices for purification air and autonomous breathing and medical visors.

Renania Trade, a Romanian distributor of medical apparel, received the highest fine, amounting to 2.5 million lei.

According to data from the finance ministry's website, the company booked a turnover of 146.3 million lei in 2021 and a net profit of 15.1 million lei.

(1 euro=4.9176 lei)