Tbilisi (GBC) - In the context of enforcing compliance with the mandatory prior notification requirements for concentrations under the Law of Georgia on Competition, the Georgian Competition and Consumer Agency (GCCA) identified three cases of unlawful implementation of concentrations without prior notification during the IV quarter of 2025.
As a result of these infringements, the undertakings subject to the notification obligation were collectively fined a total amount of GEL 70,000.
In two of the three cases, the obligation to submit a notification applied to the same undertaking. In addition to the imposition of fines, the respective parties were instructed to submit the relevant concentration notifications to the Agency.
The infringements concerned the acquisition by LLC “ITN” of 20% ownership interests in LLC “Horeca Delivery” and LLC “Gastronom Georgia”, as well as the acquisition by the Non-Entrepreneurial Legal Entity New Vision University of a 40% ownership interest in LLC Mtskheta Medical Center (currently operating as LLC “New Vision University Hospital-Mtskheta”).
In case of bypassing the Competition Agency subject to the mandatory notification, before the Agency reviews the notification or despite the negative conclusion, the person with the obligation to submit the notification shall be fined. Concentration is subject to notification to the Agency if the aggregate (total) joint income of its participants on the territory of Georgia, exceeds 20 million GEL and the joint income of at least two persons participating in the concentration exceeds 5 million GEL for the previous financial year. The fee for reviewing a merger notification is 5,000 GEL.
In 2025, the GCCA granted clearance to 18 concentrations, while the review of one concentration notification remains ongoing.