Public Authorities, Unfair Competition And Speculative Actions

The numerous political, economic and social uncertainties of the last period, coupled with a significant increase in the prices of consumer goods, have led the Romanian Government to amend the existing legal framework and to regulate the commercial behaviour of companies in a stricter manner, aiming to combat potential speculative actions, but also unfair competition practices.

Fighting speculative actions

As regards speculative actions, the provisions of Emergency Ordinance No 84/2022 on combating speculative actions and amending and supplementing certain regulatory acts regulate practices which constitute speculative actions. Namely (i) charging unjustifiably high prices, (ii) unreasonably limiting production or sales and (iii) building up additional stocks of goods in order to create a deficit in the market and subsequently reselling them at a much higher price.