The Commission for Protection of Competition initiated ex officio proceedings against the company HOTELSKO, GOSTITELJSKO I TURISTIČKO PREDUZEĆE MOSKVA DOO BEOGRAD (STARI GRAD), in order to assess the concentration which was implemented even though it was not approved in accordance with the Law on Protection of Competition, and which had, according to the reasonable assumption, resulted from the acquisition of control by the company HOTELSKO, UGOSTITELJSKO I TURISTIČKO PREDUZEĆE MOSKVA over the operations of Hotel “Tonanti” in Vrnjačka Banja, which may represent an independent business entity.

In the investigation proceedings, the Commission will evaluate the criteria prescribed by the Law (Art. 19 of the Law on Protection of Competition) which determine the permissibility of a concentration, and in particular, the circumstance that the concentration under review had been implemented, but not notified, which was the obligation of market participants. The law stipulates that concentrations of market participants are allowed, unless they would significantly restrict, distort or prevent competition on the market of the Republic of Serbia, and especially if that restriction, distortion or prevention would be the result of creation or strengthening of a dominant position.

The Commission will determine the important facts, evidence and other elements on which it will base its decision regarding the possible determination of a measure of protection of competition, that is, a measure of deconcentration.

By way of conclusion on initiation of the proceedings, all persons who possess data, documents or other relevant information which can contribute to the establishment of the correct facts in this case are invited to submit them without delay to the Commission for the Protection of Competition at the address 25/IV Savska Street, Belgrade.