In November 2014, the Antimonopoly Office of the Slovak Republic on its own initiative commenced an administrative proceeding against three entrepreneurs operating in the energy sector in the matter of a possible agreement on restricting competition.
The Office had a reasonable suspicion that the entrepreneurs coordinated their actions within the bidding procedure for public procurement, the subject matter of which was the supply of the line for the production of equipment that generates electricity from renewable energy sources in a total value up to €15 million. This project was implemented with the support of EU funds. Such conduct of entrepreneurs may be contrary to the provisions of Act No. 136/2001 Coll. on the Protection of Competition and Article 101 of the Treaty on the Functioning of the European Union, both of which prohibit agreements between competitors that restrict competition.
Entrepreneurs that are parties to horizontal agreements between direct competitors, which are considered hardcore cartels, may face a fine of up to 10 percent of their turnover for the previous closed accounting period.
The Office has not specified which entrepreneurs purportedly committed the above-mentioned conducts.