New Bulgarian Protection of Competition Act
- Proceedings on ascertainment of infringements and imposing of sanctions with regard to Chapter VII.
VII. SANCTIONS
Percentage of the turnover
In contrast to the repealed PCA16 the new PCA provides for the amount of sanctions as a percentage of the turnover for the preceding financial year of the undertakings having committed the infringement.
Legal maximum at the rate of 10%
The legal maximum of a sanction that could be imposed is up to 10%17 of the infringing undertaking’s turnover for the preceding financial year.
Periodical sanctions
The new PCA also provides for the possibility that periodical sanctions up to the amount of 5% of the average daily aggregate turnover for the proceeding financial year.
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