The policy of competition development constitutes an important element of the transformation of the economy in the candidate countries, which are constructing their market economies after almost fifty years of central planning. This process requires a new legal system adequate for market economies. That is why all the candidate countries apply competition law or, precisely speaking, a legal system for the promotion and protection of competition consisting of regulations concerning anti-competitive agreements (vertical and horizontal), restrictive business practices, merger and acquisition (M&A) control, unfair competition and state aid.
Full article available only as PDF