A PYMNTS Company

Bulgaria’s Antitrust Regulator Fines Olinesa Premium

By  |  November 30, 2020

Bulgaria’s Commission for Protection of Competition (CPC) announced that it has fined local edible oil and mayonnaise producer Olinesa Premium with some 1.5 million levs (US$917,198) for providing misleading information to customers, reported See News.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    CPC imposed the fine, equal to 4% of Olinesa Premium’s net sales revenue for 2019, following a decision of a five-member bench of the Supreme Administrative Court to overturn a previous decision of a three-member bench and return the case to the regulator, the antitrust body said in a statement last week.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    The competition authority imposed the fine, acting upon a complaint of local company Konsul, owner of mayonnaise production plant Krassi in the city of Plovdiv. Konsul argued that Olinesa Premium had labelled one of its products as “homemade mayonnaise,” thereby misleading customers about the ingredients used and the technology of production.

    The regulator’s decision can be appealed before Sofia Region Administrative Court within 14 days from the date of its publication, which was November 25.

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.