Sofiyska Voda Water Utility to Appeal BGN 4.8M Fine

Business | May 29, 2014, Thursday // 16:31
Bulgaria: Sofiyska Voda Water Utility to Appeal BGN 4.8M Fine

Bulgaria's Sofiyska Voda water utility will lodge an appeal against the BGN 4.8M fine imposed by the Competition Protection Commission for an abuse of dominant position.

The sanction is imposed for charging interest for late payments of company accrued liabilities for the supply of drinking water, disposal and treatment of waste water on the territory of Sofia Municipality during the months without metering device accounts which affects the interests of consumers and is an imposition of unfair trading condition.

Sofiyska Voda will examine in detail the grounds for the decision and will appeal within the statutory period before the Supreme Administrative Court, BNGES reports.

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Tags: Sofiyska Voda, water utility, Competition Protection Commission, sanction, fine, abuse of dominant position, Supreme Administrative Court
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