The Bulgarian Competition Authority imposes sanctions for abusive interest rates on overdue payments for water supply in Sofia (Sofiyska voda)

1. An ex officio investigation into the water utility sector of Sofia led the Bulgarian competition authority, the Commission for Protection of Competition (CPC), to impose a considerable fine on Sofiyska voda AD for abusive calculation of penalty charges in violation of national competition rules. This case, decided on 27 May 2014 [1], offers yet another perspective on the CPC’s understanding of points such as the (in)applicability of EU antitrust to purely local practices, the relationship between general competition rules and sector-specific regulation, and perhaps even more significantly, the nature of exploitative abuses. I. Facts 2. Sofiyska voda AD, jointly held by the Municipality of Sofia (22.9%) and the French company Veolia Water SA (77.1%), has since 2000, operated a

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  • University Paris Dauphine

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Anton Dinev, The Bulgarian Competition Authority imposes sanctions for abusive interest rates on overdue payments for water supply in Sofia (Sofiyska voda), 27 May 2014, e-Competitions May 2014, Art. N° 68782

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