Three tourist firms fined because of a cartel agreement

“The Commission on Protection of Competition (CPC) fined three tour operators: Hornit Ltd., Bulgarian VIP Travel Ltd,  and Astral Holidays JSC because of a cartel agreement,” announced experts from the commission. The fines are respectively BGN 2.8 mln for Astral Holidays JSC, BGN 48,480 - for  Hornit Ltd and BGN 47, 280 - for Bulgarian VIP Travel Ltd. Astral Holidays appeals the Commission's decision at the Supreme Administrative Court.

Experts from the CPC allegedly found close agreement of prices during a public procurement tender procedure for providing of airline passenger and cargo tickets for business trips in the country and abroad. The procedure was launched by the Minister of Finance on September 17, 2010.

Experts from Astral Holidays explained that an agreement on coordinated prices between the three firms was impossible, because these prices were not their own product, but had been officially announced by the airlines. The analysis of the CPC, however, states that the specific prices for the bid have been coordinated.

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