Spectator on facebook

Spectator on facebook

PMÚ uncovers vertical agreement for trade in dairy products

Aggregate fine of €10 million imposed on nine businesses.

(Source: Sme)

The Anti-monopoly Office (PMÚ) has uncovered an unlawful vertical agreement for the sale of milk and dairy products. Nine businesses engaged in the supply and retail sale of dairy products have been given an aggregate fine of almost €10 million. This is a first-instance verdict which those involved can challenge, Adriana Oľšanská, spokesperson of PMÚ announced on July 7 as cited by the SITA newswire. 

On the basis of inspections and checks PMÚ has come to a preliminary conclusion that an important supplier of dairy products and important retailers may have violated the law.

“Those involved might have violated the law by clinching verbal agreements with each other while their joint goal should have been resale price management between the years 2009 and 2014,” said Oľšanská.

This is a type of vertical agreement, within which the supplier of goods sets prices or other conditions under which the buyer can sell the goods or services to the end consumer. In this way it influences the independence of a retail seller to set the prices for which they will sell the goods or services.

As a consequence PMÚ believes that retail sellers of final products did not operate in the market independently. 

One of the fined entities admitted voluntarily to the deed and took responsibility for it. As a consequence their fine was halved.

Top stories

Remnants of the barbed-wire fence recall a totalitarian past

The last fragments and replicas of the physical Iron Curtain are in Devínska Nová Ves and Petržalka

The memorial and replica of the barbed-wire fence and several tank barriers

We are in for a hot summer

Europe has done very little to prepare for a reprise of mass refugee flows.

Refugee camp Traiskirchen

Bratislava book festival highlights foreign illustrations, writers

The fifth year of the book festival in the Slovak capital offers, apart from local authors and illustrators, a host of foreign guests, including exhibitions of two French artists.

Laurent Moreau - illustration

Kiska: The arrogance of politicians prevails over democratic values

The president stressed the role of independent media and journalism in a democratic society at the security conference GLOBSEC.

President Andrej Kiska