Monday, December 20, 2010

Posta Romana Is Fined $32 Million for Competition Infringements

Posta Romana SA, Romania’s state- owned postal monopoly, was fined 103.3 million lei ($32 million) by the national competition authority for abusing a dominant position.

The regulator ruled that the postal company violated the law in two cases by offering lower tariffs to certain companies, to the detriment of their competitors, according to a statement published on the regulator’s website.

The fine was fixed at 7.2 percent of Posta Romana’s 2009 revenue of 1.44 billion lei. The company has more than 7,100 post offices.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez in Prague atjagomez@bloomberg.net

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