Slovak Competition Authority Imposes Record Fine on Cable Manufacturing Cartel
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Slovakia's competition authority has uncovered a cartel in the cable manufacturing sector and imposed the highest fine in its history on the participants. The cartel involved a total of 11 companies operating in the cable production industry. The Antimonopoly Office, Slovakia's competition watchdog responsible for investigating anti-competitive practices and market manipulation, discovered the price-fixing scheme among the cable manufacturers. This represents the largest penalty ever issued by the Slovak competition authority, reflecting the serious nature of the cartel's impact on market competition and consumer prices in the cable manufacturing sector.