New legislation on competition floated

Parliament is currently considering the adoption of a new law on fairness and competition.

The legislation envisages giving more independence to business, cutting bureaucracy, and granting the courts greater monopoly- and trust-breaking powers. The law will not seek to destroy businesses, but rather impose penalties for anti-competitive behavior.

Parliamentary opposition party, the Christian Democrats, criticized the draft, calling it weak. They suggested instead the creation of a special agency to deal with these issues.