Supreme Court Backs Antimonopoly Agency's Findings Regarding KTZ Subsidiary
Photo: KTZ PRESS
Kazakhstan’s national railway company, Kazakhstan Temir Joly (KTZ), banned private carriers from using gondola cars at certain stations, but made an exception for its own subsidiary, Kaztemirtrans, Orda.kz reports.
The Supreme Court has upheld the findings of the antimonopoly agency, which concluded that KTZ violated competition laws.
On May 19, 2023, a temporary ban was imposed on the transportation of empty owned and leased gondola cars at the Mugalzhar and Bershogur stations. However, KTZ’s subsidiary, Kaztemirtrans JSC, continued operations without restrictions,the Agency for the Protection and Development of Competition said following its investigation.
The agency deemed the decision unjustified and stated that it gave Kaztemirtrans an unfair competitive advantage, thereby undermining the principles of a level playing field.
The court ruled in favor of the antimonopoly authority, although it remains unclear whether KTZ faced any repercussions.
Original Author: Alexandra Mokhireva
Latest news
- Two Injured Russian Climbers Rescued From Almaty Mountains
- Kazakhstan Denies Reports of Full CPC Shutdown
- South Korea to Help Kazakhstan Forecast Demographic Change
- Almaty Waste Company Stake to Return to State After Undervalued Sale
- Inspection of Former Almaty Akim’s Family Project Declared Illegal
- Kazakhstan Could Refine Russian Oil as Russia Faces Fuel Shortages
- Who Is Behind the Company Searching for Copper Near Atbasar?
- Almaty Airport to Take Out $670 Million Loan
- Kazakhstani Woman Dies in Belgrade, Father Suspects Her Friends Were Involved
- Who Will Keep Health Coverage Under Kazakhstan’s New Rules?
- Fake Journalists Tricked Karaganda Official Into Taking Out Loan
- Pavel Durov Declared a “Terrorist” in Russia
- Lawsuit Pushes Oskemen Authorities to Adopt New Alert Rules After Kazzinc Explosion
- Emergency at Pavlodar Power Plant: Two Workers Seek Medical Help
- What Back-to-School Aid Has Been Promised to Vulnerable Families?
- Employment Falls at Kazakhstan’s Small and Medium Businesses
- How Much Will It Cost to Ride Astana’s LRT From August 1?
- KASE and AIX Record Sharp Rise in Trading Activity
- Ten-Year Record: More Kazakhstanis Are Losing Their Driver’s Licenses
- What Can Tourists Expect? Kazakhstan Approves New Rules for Visitor Centers