The National Competition Agency reports, that in the third quarter of 2023, 10 340 concentrations (unions) of undertakings were registered in Georgia.
According to the identified data, in 10 337 cases, the annual turnover of the parties participating in the registered concentrations did not meet the criteria necessary for the origination of the obligation of prior notification in the part of the annual turnover. 3 cases met the criteria, however, 1 of them fell under the exceptions defined by the competition law, and, according to the Agency's assessment, there was an obligation to notify the Agency of the concentration in advance. Accordingly, the Agency started proceedings against the mentioned undertakings.
Concentration is subject to notification to the Agency if the aggregate (total) annual turnover of its participants on the territory of Georgia, exceeds 20 million GEL and the annual turnover of at least two persons participating in the concentration exceeds 5 million GEL for the previous financial year. Implementing the concentration without preliminary notification to the Agency may result in a fine, of up to 5% annual turnover of the previous year. The fee for reviewing a concentration notice is GEL 5,000.
In 9 months of 2023, the concentration of 22 459 companies registered in Georgia was verified. The Agency has approved 6 concentrations.
