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BUSINESS SHORTS

Bakery cartel gets monopoly fine

THE SLOVAK Anti-monopoly Bureau (PMÚ) has slapped a fine of Sk37.294 million (€1.1 million) on three bakeries for co-ordinating and setting the prices of fresh baked goods.

The PMÚ department in charge of agreements limiting competition found the price-setting lasted from October 2005 to April 2006, PMÚ spokesperson Alexandra Bernáthová told the TASR newswire.

The PMÚ found that Penam Slovakia, M-Market and Super Pek conspired to fix prices in small retail chains in violation of the principles of economic competition.

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