The Moldovan Competition Authority finds the existence of cartel on the market for international motor insurance (Green Card)

The Moldovan Competition Authority found the existence of a cartel on the market for international motor insurance “Green Card” composed of five insurance companies Asito, Moldasig, Moldova Astrovaz, and Grawe Carat Asigurãri who fixed the prices for the Green Card insurance policies. On 3 March 2009 the Moldovan Competition Agency (ANPC) issued a press release by which it accused four insurance companies active on the market for Green Card insurance for fixing the uniform price for the insurance policies. The ANPC initiated legal proceedings against the alleged cartelists requesting the court to impose financial penalties in the amount of MDL 32,7

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Alexandr Svetlicinii, The Moldovan Competition Authority finds the existence of cartel on the market for international motor insurance (Green Card), 3 March 2009, e-Competitions Bulletin March 2009, Art. N° 25690

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