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CONCLUSIONS OF THE 33rd
SESSION OF THE COUNCIL OF COMPETITION
On 22 September 2006 the Council of Competition issued a Decision on
compatible concentration between Privredna Banka Zagreb d.d (PBZ),
headquartered in Zagreb, Republic of Croatia and LT Gospodarska bank
d.d (LTG) , headquartered in Sarajevo, Bosnia and Herzegovina.
Privredna Banka Zagreb has submitted the notification on
concentration intended by means of purchashing the shares of the LT
Gospodarska bank to become a majority share-holder in it.
On the basis of the considered data and facts during the
decision-making procedure the Council of Competition has ascertained
that the intended concentration shall not have as effect the
prevention, restriction and distortion of competition in the banking
and financial market of Bosnia and Herzegovina and that it shall
enhance the market competition in the banking services in Bosnia and
Herzegovina.
The Council of Competition issued a fine in the amount of 75.000 KM
on the Privredna Banka Zagreb because it failed to submit a
notification on intended concentration within the period of time
regulated by the Act on Competition.
The Council of Competition expressed the positiv opinion on a draft
Act on subvention of the transportation expenses in the public
transportation within the Sarajevo Canton area issued by the
Ministry for work, social policy and displaced persons of Sarajevo
Canton. The Council of Competition expressed a negative Opinion on a
former draft Act because Article 6 was not in compliance with the
Act on Competition. Ministry for work, social policy and displaced
persons of Sarajevo Canton has changed the said Article 6 taking
into account all objections of the Council of Competition stated in
the former Opinion.
Upon the request submitted by the Regulatory Commission for Electric
Power of Federation of Bosnia and Herzegovina (FERK) and the
Regulatoty Commission for Electric Power of Republic of Srpska
(REERS) the Council of Competition expresed the opinion that their
Regulations on acquiring a status of the qualified buyer are
harmonized with the provisions of the Act on Competition. By these
Regulations the FERK and REERS shall enhence the indiscriminate
behavour in the market of electric power in Federation of Bosnia and
Herzegovina and in Republic of Srpska.
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