EU antitrust investigators raid offices of online electronics retailersMarch 25, 2015 - 17:07 AMT PanARMENIAN.Net - European Union antitrust investigators have raided the offices of a number of companies involved in the online sale of consumer electronics products, officials said Wednesday, March 25, according to PCWorld. The raids were part of an ongoing investigation into possible anticompetitive agreements between electronics retailers and manufacturers, a European Commission spokesman said in an email. “The Commission has concerns that the companies concerned may have violated EU antitrust rules that prohibit anticompetitive agreements or concerted practices,” he added. The raids are a follow-up of inspections conducted in December 2013, when the Commission raided Samsung Electronics, Philips and electronics retailer Media-Saturn, among other companies. The Commission has grounds to suspect the companies raided have restricted online sales of consumer electronics products and small domestic appliances, which might lead to higher prices for consumers or the unavailability of products in some online shops. Unannounced inspections are a preliminary step in investigations into suspected anticompetitive practices. There is no legal deadline for these investigations to be completed. If a company is found to have participated in an anti-competitive agreement, it can be fined up to 10 percent of its annual turnover. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Armenia, Turkey discuss restoration of historic bridge The meeting took place on May 17 in Ashgabat on the sidelines of an international conference of ministers of culture. India wants Armenia’s proposals on use of Chabahar port India is expecting proposals from Armenia regarding the use of Chabahar port in Iran, Indian ambassador says. EU welcomes Armenia-Azerbaijan “progress” The EU has welcomed “progress” made in the framework of the Armenia-Azerbaijan border delimitation process. Belarus opposition leader slams Lukashenko for Karabakh trip Belarusian opposition politician Sviatlana Tsikhanouskaya has harshly criticized the visit of Lukashenko to Karabakh. |