European Commission fined the German energy company E. On and GDF Suez the French at 553 million euros each for the cartel. The EC investigation found that in 1975 these companies have agreed not to compete with each other on their domestic markets, which is a violation of the antimonopoly legislation the European Union, transmits Associated Press.
current fine (in the amount - 1.1 billion euros) was the largest in the history of such sanctions. Earlier garland in this sad statistics belonged to the company Intel, which the European Commission fined at U.S. $ 1.06 billion in May this year.
Penalties, presented to companies, have higher expectations of the experts who believed that sanctions are not to exceed 500 million euros. In general, the laws allow the EU to fine the company in such cases to 10% of revenue, in the case of listed companies can and do result in fantastic amounts, as annual revenues of each of them more than 70 billion euros.
In July 2007 the European Commission launched an investigation against E. On and GDF Suez. Companies accused of that agreed on the division of markets for gas supplied by pipeline, owned by both companies Megal, in particular, that E. On will not sell gas in France and Gaz de France - in Germany, but this is a violation of EU law on the liberalization of gas market.
Piping Megal - the main source of gas for German consumers, and the only route of gas to France. It crosses southern Germany, and Russian gas supplies via the Czech Republic and Austria to France.
Until the end of the year is expected to rise in oil prices to levels of $ 90-100 per barrel, and the growth of the RTS index up to 1800 points
Revenues OPIN for 2008 under IFRS increased by 72% and reached $ 283 million
Overview of the oil market for 07.07.09
Course Dollar /yen fell from 95.40 to 94.70 marks
Prices EUR /USD move to the level of support 1.3860
NBU intends to compel the banks to obtain a separate permit for currency exchange operations in the cash market
The index of London Stock Exchange FTSE 100 fell 0.21% and is at the level of 4178.15 point
At 16.00 Moscow time the volume of trades in the market for government securities MICEX was 21.84 billion rubles
In the 1 half of 2009, Novatek to increase production of natural gas at 4.9% to 739 million cubic meters. m
The EC fined E. On and GDF Suez for 553 million euros each for the cartel
European Commission fined the German energy company E. On and GDF Suez the French at 553 million euros each for the cartel. The EC investigation found that in 1975 these companies have agreed not to compete with each other on their domestic markets, which is a violation of the antimonopoly legislation the European Union, transmits Associated Press.
current fine (in the amount - 1.1 billion euros) was the largest in the history of such sanctions. Earlier garland in this sad statistics belonged to the company Intel, which the European Commission fined at U.S. $ 1.06 billion in May this year.
Penalties, presented to companies, have higher expectations of the experts who believed that sanctions are not to exceed 500 million euros. In general, the laws allow the EU to fine the company in such cases to 10% of revenue, in the case of listed companies can and do result in fantastic amounts, as annual revenues of each of them more than 70 billion euros.
In July 2007 the European Commission launched an investigation against E. On and GDF Suez. Companies accused of that agreed on the division of markets for gas supplied by pipeline, owned by both companies Megal, in particular, that E. On will not sell gas in France and Gaz de France - in Germany, but this is a violation of EU law on the liberalization of gas market.
Piping Megal - the main source of gas for German consumers, and the only route of gas to France. It crosses southern Germany, and Russian gas supplies via the Czech Republic and Austria to France.
Until the end of the year is expected to rise in oil prices to levels of $ 90-100 per barrel, and the growth of the RTS index up to 1800 points
Revenues OPIN for 2008 under IFRS increased by 72% and reached $ 283 million
Overview of the oil market for 07.07.09
Course Dollar /yen fell from 95.40 to 94.70 marks
Prices EUR /USD move to the level of support 1.3860
NBU intends to compel the banks to obtain a separate permit for currency exchange operations in the cash market
The index of London Stock Exchange FTSE 100 fell 0.21% and is at the level of 4178.15 point
At 16.00 Moscow time the volume of trades in the market for government securities MICEX was 21.84 billion rubles
In the 1 half of 2009, Novatek to increase production of natural gas at 4.9% to 739 million cubic meters. m