Alpha Bank Romania, Banca Romaneasca, Piraeus Bank, Romania, Volksbank Romania and Banca Transilvania have requested the Competition Council to grant them the benefit of an individual exception in the case of the agreement of co-operation on establishing jointly the level of the bank commission charged in connection with transactions conducted with cards issued by the signing banks, on the ATMs in the network.

According to a communiqué of the Competition Council, Competition Law bans any kind of agreement, express or silent, among economic operators or associations of economic operators and any kind of concerted practice the object or effect of which is the restriction, hindering or distortion of competition on the Romanian market or on part of it
The Council has started an investigation as a result of the dispensation application. For a correct evaluation of the effects of the agreement of co-operation closed by Alpha Bank Romania, Banca Romaneasca, Piraeus Bank Romania, Volksbank Romania and Banca Transilvania, the Competition Council has invited the interested parties to send their observations in writing no later than the 29th of July 2006.

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