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Bulgaria: Massive Penalty at OMV Subsidiary Threatens

Published: March 24, 2012; 14:35 · (Vindobona)

Bulgaria´s Minister of Transport claims the maximum penalty for OMV´s subsidiary, which would reach up to € 1.0bn.

Bulgaria: Massive Penalty at OMV Subsidiary Threatens / Picture: © OMV AG

The Bulgarian Minister of Transport, Iwajlo Moskowki calls for a clampdown against four mineral oil companies, which are suspected of price arrangements. OMV´s subsidiary is among those suspected companies. Moskowski called for the maximum penalty.

This would be 10% of corporate revenues, the Bulgarian mineral oil market recorded revenues of € 1.023bn last year. As a result,…

This article includes a total of 109 words.

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