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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In April, inflation across the European Union remained steady, with both the EU and the Eurozone recording a rate of 2.6% and 2.4%, respectively, according to data from Eurostat, the official statistics agency of the EU
Julian Voinov, an economist and financial expert, expressed optimism regarding Bulgaria's potential adoption of the euro in 2025 or early 2026
This was stated by the Governor of the Bulgarian National Bank at the international conference "Bulgaria in the Eurozone, When?" in Sofia
Former Finance Minister Simeon Dyankov has suggested that Bulgaria's potential entry into the Eurozone may not materialize before 2026
In the initial quarter of 2024, Bulgaria's economy expanded by 0.4%, as per an expedited evaluation by the National Statistical Institute (NSI), a slight deceleration from the 0.5% growth witnessed in the final quarter of the preceding year
According to Levon Hampartzoumian, the likelihood of Bulgaria joining the Eurozone in 2025 is very slim, as no country has ever entered during the middle of the year
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