Law No. 94-Z “On counteracting monopolistic activity and developing competition”.

This Law primarily addresses the regulation of monopolistic practices and the promotion of competition on the national territory. It outlines the responsibilities of the antimonopoly authority, which is tasked with ensuring compliance with antimonopoly legislation. The legal framework is established to prevent monopolistic activities and to foster a competitive market environment, aligning with broader policy goals of economic fairness and market efficiency. The document specifies that economic concentration, including mergers and reorganizations, must be reported to the antimonopoly authority. It details the exhaustive list of documents and information required for submissions, which are to be defined by the antimonopoly authority. Major importance is attributed to the protection of consumers’ rights by the antimonopoly authority. The authority is mandated to respond to applications within ten working days, rejecting those that do not meet the established requirements. Additionally, the document outlines the criteria for determining violations of antimonopoly laws and the necessary actions the authority may take, including issuing directives or referring cases to law enforcement. Implementation of the outlined measures involves a structured process where the antimonopoly authority plays a central role. The authority is responsible for analyzing compliance, providing recommendations, and reporting annually to the Council of Ministers on competition status and measures against monopolistic practices. The document emphasizes the importance of confidentiality regarding commercial secrets and the need for cooperation with various stakeholders in the enforcement of antimonopoly regulations. It also highlights procedural aspects, such as the timelines for decision-making and the requirements for documentation submission.