TikTok Hit with €10 Million Fine by Italian Regulator for Failure to Monitor Content
The Italian regulatory body has taken a firm stance against TikTok, citing concerns over the proliferation of harmful content on the platform, Reuters reported
The Commission for Protection of Competition (CPC) has imposed a fine of BGN 1,775 on "Bulgarian Commodities Exchange" AD for unfair competition, the anti-monopoly agency said.
The proceedings were initiated at the request of Sofia Commodities Exchange AD.
The violation of the Bulgarian Commodities Exchange is that there is no charge for buyers who enter into public procurement deals. "The lack of a fee due in respect of the members of the Exchange which represent final customers as contracting entities under the Public Procurement Act and the fact that those persons are in a favorable position vis-à-vis other purchasers inevitably influences the commodities market, thus affecting the interests of competitors contrary to good commercial practice, "the CPC said in its decision.
For that reason, the anti-monopoly body imposes a pecuniary sanction amounting to 0.5 percent of the net sales revenue of the Bulgarian Commodities Exchange for the financial year 2016, which is equal to 1775 levs.
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As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022