ECONOMY

‘Cartel’ in fish farming caught in state’s net

The Competition Commission has accused five fish-farming companies of setting up a cartel in order to maintain the prices of their products at high levels. The sector’s five leading companies in the country allegedly agreed to fix prices as well as to reduce production levels. The Commission has accused the following companies of market manipulation: Nireus, Selonda, Dias, Andromeda and Hellenic Fish Farming. The plenary session of the commission will not discuss the case before mid-March. The sector’s concentration, particularly in the period between 2001 and 2003, is thought to have led to such practices as there are only a few players left in the local market. There are now 110 companies, but the five listed above remain the most dominant.