Bulgaria: Massive Penalty at OMV Subsidiary Threatens

Bulgaria: Massive Penalty at OMV Subsidiary Threatens / Picture: © Wikimedia Commons / DanielZanetti [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)]

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,…