Who funds the Authority

The Antitrust Authority is financed by annual allocations through a special chapter of the Ministry of Economic Development's budget.

The Financial Law of 2006 introduced partial self-financing starting on 1 January 2006, in a form commensurate with covering the costs incurred for monitoring merger operations (Section 10(7-bis)of Law 287/90[1]). The Antitrust Authority determines contributions on an annual basis, and has full control over the management of these funds for its own operations.

Law-decree 207/2008, last of all, granted the Authority additional self-financing through the fines paid as a consequence of unfair commercial practices[2].

The Authority’s financial statements have to be approved by 30 April of the following year, and are subject to auditing by the Court of Auditors.



[1] Introduced by article 1, paragraph 69 of Law no. 266/2005.

[2] For such fines, even when issued in subsequent years, up to 50,000 EUR per fine are deposited in the Antitrust Authority treasury and designated for discontinuous, non-mandatory expenses. Any amount in excess of this upper limit is deposited in State accounts for use as prescribed by existing legislation. Every six months, the 50,000 EUR limit - since it is not established by law - may be increased or decreased by decree of the President of the Council of Ministers, in response to the Antitrust Authority's specific needs (Section 9(1), Law no. 14 of 27 February 2009. "Conversion into law, with modifications, of Law-decree no. 207 of 30 December 2008, governing the application/extension of the terms prescribed for urgent legislative and financial provisions" in the Official Journal no. 49 of 28 February 2009).