Anti-competitive practices

The Competition Commission is investigating pharmaceuticals firm Novartis for anti-competitive practices from 2009 to 2017.

The probe concerns a range of competitive medicines treating macular diseases.

A report found Novartis aimed to prevent market access to competitors.

The commission will consider the report findings at a December 4 meeting. 

Mondelēz was fined €337.5 million for its involvement in 22 anti-competitive agreements and practices, violating EU competition rules

Fuel prices in Greece are not just high, they are consistently higher than the European Union average, both before and after taxes.

Greek and European authorities are investigating the possible extensive rigging of tenders in digital upgrading projects, mainly of the state, which are financed by the Recovery and Resilience Fund.

Teams of Greece's competition authority conducted unannounced inspections in the offices of a large number of IT and related service providers, including the country's three telecommunications service providers, on Wednesday, as part of an investigation into possible bid rigging. 

The Development Ministry imposed fines totaling 243,000 euros on six businesses in the wider area of the northern port city of Thessaloniki for counterfeit products. 

During inspections conducted by the Market Control Interagency Unit (DI.M.E.A.), 34,626 counterfeit items were seized and destroyed. 

Chinese carmakers are fast increasing their share in the Turkish market, but subsidies the Chinese companies receive from their government may lead to unfair competition, warns Baran Çelik, the board chair of the Uludağ Automotive Industry Exporters' Association (OİB).

The Trade Ministry has announced that it will launch inspections across Türkiye against "covert" price increases.

Officials from the ministry will check whether businesses decrease the size of their products but sell them at the same price.

The European Union announced yesterday that it opened a formal antitrust investigation targeting Microsoft into the software company's Teams messaging and videoconferencing app over concerns that its bundling with its Office productivity software suites gives it an unfair edge over competitors.

The minister's comments on Thursday come after 2TDK, the state-run company managing the project, has decided to enter negotiations with ten of the 15 bidders that responded to an international call to tender for the main construction work, including several Chinese and Turkish companies, aside from builders from Slovenia, Italy, Austria and Switzerland.