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Government and ruling party plan tougher action against repeat cartels in 17 sectors

Government and ruling party plan tougher action against repeat cartels in 17 sectors

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Summary

The government and the ruling party are discussing a measure to remove companies from 17 sectors if they are found to have participated in price-fixing cartels twice within five years. They also plan to establish a legal basis for ordering prices to be determined again.

Details

The government and the ruling party are discussing tougher measures against cartel agreements in 17 sectors. Under the proposal, companies found to have participated in a cartel twice within a five-year period could be removed from the relevant market.

The plan also calls for a legal basis to issue orders requiring prices to be determined again. The available information does not specify how the procedure would be applied or which specific sectors would be covered.

The measures are part of discussions between the government and the ruling party aimed at strengthening the response to repeated violations of competition rules. No details were provided on the timetable or the final scope of the proposals.

NEXORA AI — Why it matters

The proposal could increase the penalties for companies involved in repeated cartel violations and strengthen the authorities’ ability to intervene in pricing.

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