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Bulgaria: ‘Substantial market power’ set to enter legal arena

 |  March 6, 2014

Politicians in Bulgaria are set to introduce the legal concept of “substantial market power” into the nation’s competition policy, say reports.

IN an interview held Thursday, Socialist MP Kornelia Ninova told reporters that the Competition Protection Act will soon include a legal definition for companies that hold “substantial market power.” The politician also announced that the government has given the Commission for Protection of Competition three months to prepare the draft legislation and identify companies that are candidates for holding market power that fulfills the qualifications for such a definition.

While the law would be intended to check dominant entities, companies are already fighting back.

Reports say the Modern Retail Association accuses the Commission of having too much power and that the new policy is too unclear to be effective.

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