Bulgarian metallurgical plant Kremikovtzi will have to pay a total of BGN 500,000 as a penalty for violation of the anti-trust legislation. The sanction was imposed by the Commission for Protection of Competition (CPC) a day ago. Kremikovtzi's fine amounts to BGN 300,000, the remaining BGN 200,000 is the sanction imposed on its subsidiary, Kremikovtzi Trade. Kremikovtzi said it would appeal the decision at the Supreme Administrative Court.
The fine was imposed for contractual breaches concerning the sale and delivery of slag in 2005 and 2006. At that time Kremikovtzi had a dominant position in this field and its subsidiary was the only supplier of slag gravel. The metallurgical plant sold slag at unreasonably high prices, while Kremikovtzi Trade limited slag trade to the detriment of consumers.