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Bulgaria: Regulator fines Russian ride-sharing co operations

 |  June 4, 2019

Bulgaria’s Commission for Protection of Competition (CPC) has found the local subsidiary of Russian ride-sharing service Maxim to be in breach of competition laws by offering unlawful ride-sharing services.

The regulator fined the company eight per cent of its net revenue for 2018, which is close to the 10 per cent maximum fine that CPC can impose, but in absolute terms the fine only amounted to 3520 leva (US $1800).

CPC said that the service was being offered without observing the legal requirements in place for taxi companies, drivers and taxicabs, which was unfair competition and endangered the safety of its customers.

Full Content: Sofia Globe

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