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Prompt punishment of dominant market position abuse
Belgrade,
9 July 2009
Minister of Trade and Services Slobodan Milosavljevic today stated that the new Anti-monopoly law authorises the Anti-Monopoly Commission to immediately punish any abuse of a dominant position on the Serbian market.
Milosavljevic told the Beta news agency that the maximum penalty is up to 10% of annual turnover, adding that all issues related to the Commission’s work in previous years have been removed by the new law, which parliament adopted yesterday.
He said the law will come into force four months after adoption, during which time all relevant by-laws will be passed.
The Minister explained that the system for appointing a chairman and members of the Anti-Monopoly Commission will also be changed and a public competition will be announced from which they will be chosen.
Milosavljevic stressed that only experts and people brave enough to deal with such an important issue can chair the Anti-Monopoly Commission, adding that in future the Commission will only pay attention to the most significant cases.
The Serbian government and the Ministry of Trade and Services expect the Commission to successfully meet all their challenges and enable free-market competition in Serbia, he said.
Minister Milosavljevic concluded that the new Anti-monopoly law meets EU standards.
He said the law will come into force four months after adoption, during which time all relevant by-laws will be passed.
The Minister explained that the system for appointing a chairman and members of the Anti-Monopoly Commission will also be changed and a public competition will be announced from which they will be chosen.
Milosavljevic stressed that only experts and people brave enough to deal with such an important issue can chair the Anti-Monopoly Commission, adding that in future the Commission will only pay attention to the most significant cases.
The Serbian government and the Ministry of Trade and Services expect the Commission to successfully meet all their challenges and enable free-market competition in Serbia, he said.
Minister Milosavljevic concluded that the new Anti-monopoly law meets EU standards.
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