Government: Cartels most widespread in pharma, road construction - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Government: Cartels most widespread in pharma, road construction

MOSCOW, Jul 29 (PRIME) -- Cartels are most widespread in the Russian pharmaceuticals industry and road construction, according to a statement published on the Kremlin’s website, citing head of the Federal Antimonopoly Service Igor Artemyev after his meeting with President Vladimir Putin.

“There are thousands of cartels. The pharmaceuticals industry and road construction industries are the most infected with cartels. There are collusions during almost 80–90% of all tenders announced by the government,” the statement read, adding that the cartels steal about 2% of the Russian gross domestic product (GDP).

According to the statement, a new law against cartels can be adopted in September–November.

Artemyev also said that the authorities must bear in mind competition when elaborating measures on fulfillment of the national projects.


29.07.2019 14:47
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 70.4271 -0.0287 13 dec
USD 63.2257 -0.3396 13 dec
Stock Market Indices
1D 1W 1M 1Y
rtsi 1507.34 +0.69 11:14 13 dec
micex 2991.72 +0.30 11:14 13 dec
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 251.96 +0.59 10:51 13 dec
lkoh 6167.50 +0.51 10:51 13 dec
rosn 456.25 +0.76 10:51 13 dec
sber 241.68 +0.26 10:51 13 dec
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 69.7925 -0.5125 10:53 13 dec
USDTD 62.5175 -0.4025 10:53 13 dec