Companies of Croatian entrepreneurs Ivica Todoric and Emil Tedeschi have been fined with a total of 6.8 million Euros for distortion of market competition in Serbia, daily Vecernji List writes.

The anti-monopoly commission fined the retail chain Idea (owned by Ivica Todoric) with 4.3 million Euros, while Atlantic Group’s Grand prom has to pay 2.5 million Euros.

The companies are said to have offered a "secret rebate" of two per cent, which was not available to other customers.