Spectator on facebook

Spectator on facebook

BUSINESS IN SHORT

Real estate agencies fined for collusion

THE ANTI-MONOPOLY authority fined five real-estate agencies for collusion on July 8.

THE ANTI-MONOPOLY authority fined five real-estate agencies for collusion on July 8.

The five agencies violated open market laws by setting the scope of provision, the administration fee sum, and by agreeing not to compete with each other, the SITA newswire reported.

The Anti-Monopoly Office (PMÚ) judged their behaviour to have been an agreement on price-fixing and limiting market competition. Three of the involved companies have made use of the option for settlements, and their fine was lowered by 30 percent.

All the companies involved in the collusion were small businesses with lower revenues, so the fines totalled just €4,131, according to SITA.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Top stories

How rock music helped bring down the totalitarian regime Video

A new film shows that Rock & Roll, forbidden in the Soviet Union, helped to end the Cold War.

Illustrative Stock Photo

Movies under an open sky feel differently than in an air-conditioned cinema Photo

The popularity of outdoor cinemas is increasing in Bratislava

Bažant Kinematograf on the Magio Pláž beach

Peter Sagan announces split with his wife Katarína

The Slovak cycling star who has a young son said “It will be much better this way”.

Peter Sagan marries Katarína, November 2015.

Top 3 news from Last Week in Slovakia Video

Slovakia to buy 14 American fighter jets.

This archive picture from 2014 shows an older model of the F-16 fighter jets.