Bulgaria's competition watchdog rejects taxi fare regulations

Bulgaria's competition watchdog rejects taxi fare regulations

Bulgaria's Commission for Protection of Competition (CPC) has ruled out the implementation of a proposal that stipulated the introduction of a price range for taxi companies in Bulgaria, Dnevnik daily reported.

The regulations proposal put forth by the Transport Ministry stipulated a minimum price and a ceiling price that cab companies could charge, but the CPC ruled against the proposal. CPC, which is entrusted with combating monopoly in the country, said that any such intervention would only service as an excuse for taxi companies to institute a price cartel.

"Putting a maximum price ceiling on the taxi service would mean that all parties affected would create a cartel among themselves and establish prices which are close to the preceding ones," Dnevnik quoted a CPC spokesperson as saying.


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