Nearly 500 million CZK fine for building savings companies

2006-09-21
Office for the Protection of Competition of the Czech Republic completed the procedure concerning a cartel agreement in relation to increase of charges on the market of building savings.

 Six companies were imposed an overall fine in total amount of almost 500 million Czech crowns. The decision of the Office has not come into force yet. The appeal period currently in progress does not allow provision of further information. The Office does not comment in detail on decisions which have not come into force.

Press and Information Department

2025-07-14 / The Office for the Protection of Competition launched a reporting tool for anonymous and confidential reporting of suspected infringements of the rules laid down in the Act on the Protection of Competition Complaints submitted by the public are highly valuable source of information for the Office. They can help uncover illegal conduct, expedite investigations, initiate administrative proceedings, and ultimately...

2025-07-07 / Annual Report 2024 in English The Office for the Protection of Competition has published the English version of its 2024 Annual Report.The Office operates in the areas of competition protection, oversight of public procurement, control...

2025-07-02 / Office Fines Major Cartel in Railway Construction Sector More Than CZK 150 million By its first-instance decision, the Office for the Protection of Competition has imposed fines totalling CZK 157,693,000 on six undertakings for a series of cartel agreements related to public contracts...

2025-06-12 / EUROMEDIA and PEMIC Concentration Approval Subject to Commitments, Acquirer is Obliged to Divest the Wholesale Distribution of Printed Books The Office for the Protection of Competition (hereinafter referred to as “the Office”) has approved the concentration of undertaking EUROMEDIA GROUP, a.s., PEMIC BOOKS a.s. and BOOKNET s.r.o. subject...

2025-06-10 / The Office Launches Sector Inquiry in the Area of Publicly Accessible Charging Stations for Electric Vehicles The Office for the Protection of Competition (hereinafter referred to as "the Office") has launched a sector inquiry into the area of publicly accessible charging stations. Specifically, it is examining...

2025-04-25 / New competition tools: the way to more efficient competition law enforcement Opening remarks of the Chairman of the Office for the Protection of Competition Petr Mlsna delivered at the Interanational Chamber of Commerce Czech the Antitrust Conference in Prague on 24 April 2025...

2025-04-22 / MIDs Competition Authorities: Strengthening Competitiveness and Competition in the EU Single Market The Czech Office for the Protection of Competition, together with the competition authorities of Belgium, Ireland, the Netherlands, Portugal and Austria, has issued a joint statement warning against...

2025-01-08 / Google Made Changes to one of its Services in Reaction to the Investigation of the Office Last year, the Office for the Protection of Competition investigated possible abuse of a dominant position by Google Czech Republic, s.r.o, its parent company Google International LLC and Google Ireland...

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