The head of Bulgaria’s Commission for Protection of Competition Petko Nokolov has revealed in an interview that he believes members of cartels should be held criminally responsible for their violations and hopes a discussion of the matter will begin among authorities. Nokolov made the remarks in an interview for 24 Hours Daily. While the authority is currently focusing on fighting tender manipulation by working with contracting authorities, Nokolov said he hopes to officially make abuse of market power a criminal offense. Additionally, the antitrust head said that while he is not looking to increase the power of the Commission, also known as the KZK, a budget increase and laboratory updates would prove useful to complete investigations within a shorter timeframe.
Full Content: Sofia News Agency
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI