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.

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