buy thesis philippines cell dissertation fuel theoretical framework dissertation amcas personal statement help college admission essay online youtube english paper essay writing term papers fast english essay online marking pay sites for original essays help physics parallel circuits homework
Home » News » News 2020 » Detail

Austrian Federal Competition Authority among top enforcers globally according to “Rating Enforcement 2020”

Global Competition Review (GCR) publishes a ranking of all competition authorities around the world every year. GCR is an internationally renowned source of information on competition policy and cartel law enforcement. Its rankings are based on investigation proceedings and decisions related to the prosecution of cartel law breaches and market abuse as well as efforts in merger control. Further criteria used for the rankings are staff levels and available budgets. Additionally, experts are asked to evaluate national enforcers’ performance from a practical perspective.

AFCA plays in the “average budget of 20 million” league

The AFCA was awarded 3.5 out of five stars in the 2020 ranking for its performance, improving by half a star. The Austrian authority therefore shares fourth place with the competition authorities in Canada, Greece, Mexico, New Zealand, Portugal, Russia, Singapore and Spain. The European Commission (Directorate-General for Competition), France, Germany and the USA took first place with five stars each.

Although the AFCA has the lowest budget and the lowest number of staff, the authority’s performance was on a par with that of other enforcers allocated a far larger budget.

According to OECD Competition Trends 2020, competition authorities had an average budget of EUR 20 million and employed an average of 153 staff working on competition in 2018. However, these numbers are somewhat skewed by the inclusion of a number of larger authorities. The median budget is approximately EUR 9 million and the median number of staff is 84.

“We can be proud of this ranking, and I’d like to express my special thanks to my staff without whom we would not be where we are today. However, the figures also show that there is still much more that could be done in Austria to promote effective competition. After all, competition is an important driver for innovative and creative businesses and for economic growth in Austria in general”, explains Director General Theodor Thanner.

Quotes from the GCR report:

The Austrian Federal Competition Authority’s small size and budget do not stop it from being one of the most industrious enforcers in Europe.

Practitioners also praise long-time agency head Theodor Thanner. They say he is committed to principles of competition law and a vocal opponent of political interference in the agency’s work.

Advocacy remains a major point of pride for the Austrian authority, which spreads its competition message using various methods, including a YouTube channel, newsletter, regular competition talks and a cartel law moot court. One lawyer says this is the agency’s strongest area.