Experts from European Commission expected to investigate Kosovo oil price increase

The Kosovo Competition Authority has announced that in the coming week it will be assisted by experts from the European Commission concerning claims that a cartel of companies has been created in Kosovo that held the oil price high.

Valon Prestreshi, director of the Kosovar Competition Authority, has already said they have “all relevant information from relevant institutions about concerns raised by citizens, media and society in general about their claims about a potential cartel of companies which depend on oil derivatives”.

These information is being worked very carefully by our investigators, based on the Competitive Protection Law, we will also receive help from European Commission experts next week, where we as the authorities are the beneficiary of the project. The IPA, and over the next few weeks, the Authority will come up with the final report”, he has announced.

The AKK has also announced of the Programme of Reliefs, the Law for the Protection of Competition, the 60th article that envisions that can be released or reduced punishative measures of companies if they: “in order to uncover the gravest violations of this law, the Authority can release from punitive measures that participants in banned horizontal-cartel agreements, which first announces the Authority for the cartel and provides evidence, and which allows the beginning of the procedure or first participants in the Charter which provides evidence which allows for the implementation of the law, when the authority begins the procedure, but there is not enough evidence to complete or confirm. /Periscopi