Competition law

No specific companies are listed.
The US Department of Justice's antitrust department said it was launching a major investigation against powerful high-tech Internet companies suspected of trying to stifle competition and dominate the markets, Reuters and DPA reported, quoted by NOVA TV. 

The Commission for Protection of Competition (CPC) will investigate the company under chapter seven of the relevant law, namely unfair competition.

Sofia. Inercom Bulgaria has submitted a new notification on the CEZ deal to the Commission for Protection of Competition (CPC) after a restructuring that the company said was a response to all concerns about concentration stated by the antitrust regulator.

The failure of antitrust moves on both sides of the Atlantic causes less technological diversity, according to Daron Acemoğlu, Professor at the Massachusetts Institute of Technology.

In separate decisions published on Thursday, Bulgaria's anti-monopoly body, the Commission on Protection of Competition, CPC, has prohibited the signing of two of the largest recent deals in the country.

One was the sale of the Bulgarian assets of the Czech energy giant CEZ to a Bulgarian family-owned company, Inercom.

The EU's committee of permanent representatives (Coreper) today endorsed an agreement between the Council, represented by the Bulgarian presidency, and the European Parliament on new measures to bring the enforcement of competition rules in line with the digital age and to tackle illegal competition practices in the EU.

The Greek government submitted a bill to parliament on Wednesday evening opening the way for the country's dominant power utility PPC to begin selling coal-fired plants in May, a move strongly opposed by workers who have threatened strikes in protest.

The US government filed suit Nov. 20 to block AT&T’s merger with Time Warner, setting up the biggest antitrust court clash in decades over the $85 billion tieup.

By Helga Trüpel *

There are weighty contradictions in how the progressive-left camp interprets the term ‘freedom’.

The European Commission on Thursday fined US social media giant Facebook EUR 110 million ($120 million) for providing incorrect and misleading information on its takeover of WhatsApp, AFP reported.