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Amendment to the cartel and competition law under review

Draft for assessment of the amendment to the cartel and competition law was published by the Ministries in charge - the Ministry of Justice and the Ministry for Economy, Family and Youth.

The Austrian Competition Authority endorses the Initiative to enhance the Authority. The proposal facilitates investigations regarding cartels. Thereby more efficient and effective work for consumers is possible. Establishment of more transparency will be of avail for effected companies. Concerning the energy sector investigations on market abuse and monitoring will be alleviative.

The amendments are only available in german.