EU antitrust regulators launched an investigation into about €282 million (US$318 million) in Czech State aid granted to the country’s postal operator for providing a public service, concerned that Czech Post may have been over-compensated.
The move by the European Commission followed complaints from two rivals to Czech Post, reported Reuters.
“The Commission has decided to open an in-depth investigation, in particular as it has concerns regarding the correct calculation of the net avoided cost of the universal service obligation. As a result, the Commission was not able to exclude the risk of overcompensation,” the EU executive said.
The Czech government may have to claw back the aid if it is found to have breached the bloc’s State aid rules ensuring a level playing field across the 27-EU countries.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Redfin Settles $9.2M Commission Inflation Lawsuits
May 7, 2024 by
CPI
DOJ Supports Colorado’s Efforts to Block Kroger-Albertsons Merger
May 7, 2024 by
CPI
Japan Considers Regulation of AI Developers
May 7, 2024 by
CPI
European Commission Extends Decision Deadline for Ita-Lufthansa Merger
May 7, 2024 by
CPI
UK, US and Australia Sanction Senior Leader of LockBit Cybercrime Gang
May 7, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI