Έμβλημα Κυπριακής Δημοκρατίας

Frequently Asked Questions


6. What are the applicable penalties for section 3 or 6 of the Protection of Competition Laws of 2008 and 2014 and/or article 101 and 102 of the Treaty on the Functioning of the European Union (TFEU) infringements?

Where the C.P.C. in the course of the proceedings carried out before it, find an infringement of the provisions of sections 3 and/or 6 of the Protection of Competition Laws of 2008 and 2014 and/or article 101 and 102 of the Treaty on the Functioning of the European Union (TFEU) has the power to impose administrative fines according to the gravity and duration of the infringement, not exceeding ten percent of the annual turnover of the undertaking or not exceeding ten percent of the revenue of every undertaking member of the association of undertakings, in the year within which the infringement took place or in the year which immediately preceded the infringement.

Where the infringement continues by the participated undertakings or association of undertakings, the C.P.C. may impose an administrative fine up to €85.000 for every day the infringement continues.

The person who does not comply and acts in contravention with the decision of the C.P.C. shall commit a criminal offence punishable with imprisonment of up to two years and with a pecuniary penalty that does not exceed €340.000 or with both penalties.








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