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Dutch banks' savings interest rates too low; Watchdog blames lack of competition

Dutch banks' savings interest rates too low; Watchdog blames lack of competition
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Martijn Snoep , Authority On Consumers , European Central Bank ,

Carrot producers fined €2.5 million for collusion, anti-competitive practices

Four Dutch carrot growers and sellers have each been fined a total of over 2.5 million euros for making prohibited agreements to divide the market among themselves. According to the Netherlands Authority for Consumers and Markets (ACM), these agreements significantly limited competition. ....

Martijn Snoep , Netherlands Authority For Consumers , Four Dutch , Netherlands Authority ,

Dutch authority fines LG €8 million for price fixing with TV sets

The Netherlands Authority for Consumers and Markets (ACM) fined LG nearly 8 million euros for illegal price fixing. According to the regulator, from 2015 through 2018, LG made agreements on the online prices of television sets with seven large retailers. “Under the pretense of ‘price recommendations,’ LG coordinated price increases of retailers to the recommended price that LG provided. LG’s practices disrupted competition between the retailers, and that resulted in higher prices for consumers,” ACM chairman Martijn Snoep said. ....

Martijn Snoep , Netherlands Authority For Consumers , Netherlands Authority ,