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Bulgaria watchdog ends Lukoil anti-trust probe, finds no wrongdoing

Bulgaria watchdog ends Lukoil anti-trust probe, finds no wrongdoing
Bulgaria’s Commission for Protection of Competition (CPC) has ended its investigation of two subsidiaries of Russian privately-held oil major Lukoil, finding that that there was no evidence that either of them abused their market position.

The investigation, launched in February 2016, was the result of a complaint filed in 2015 by petrol station operator Tradenet, owned by Veska Mareshka, the mother of businessman Vesselin Mareshki, who has successfully parlayed his networks of pharmacies and cut-price fuel stations into a populist platform that saw him finish fourth in last year’s presidential elections. In the snap parliamentary polls in March, his party Volya won enough votes to make it into Parliament, albeit as the smallest of five parties with 12 MPs in the 240-seat House./IBNA

Read the full article at The Sofia Globe

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