Total turnover

Definition in the Law art. 4

turnover as defined in art. 4 of Competition Law No. 183/2012;

In plain words

Total turnover has the meaning defined in art. 4 of Competition Law No. 183/2012. For example, for an enterprise, the ceiling of the fines in art. 88 may be calculated as a percentage of its total turnover in the year before the sanction.