Increased competition can improve a country’s economic performance, open business opportunities and reduce the cost of goods and services to the benefit of consumers. However, numerous laws and regulations can restrict competition in the marketplace.
In Greece, regulatory constraints are a reason for weak competition. According to the OECD Product Market Regulation index, the Greek markets are among the most heavily regulated within OECD members.
Identifying competition-distorting rules and provisions in Greece's legislation is therefore key to help the country improve its productivity and growth.
About the project
The OECD has been closely working with Greece since 2012 to assess competition laws and regulations hindering competition (view previous reports).
In 2016, the OECD carried out a thorough and independent policy assessment to identify rules and regulations that may hinder the efficient functioning of markets in the following sectors: construction, media, wholesale trade, e-commerce and manufacturing sub-sectors (e.g. chemicals, pharmaceuticals).
Results and launch of the report
On 7 November 2016, the 2016 report was launched in Athens in presence of OECD Deputy SG Rintaro Tamaki and Mr George Stathakis, former Greek Minister of Economy, current Minister of Environment and Energy.
The review estimates that easing restrictions identified in a number of sectors would have a positive impact on the Greek economy of around 414 million euros.
Making use of the methodology in the Competition Assessment Toolkit, a project team composed of competition experts, economists and lawyers from OECD and the Hellenic Competition Commission conducted an assessment of the regulations potentially restricting competition in the designated sectors and will propose specific recommendations for change.
A High-level Committee of Secretaries General from the relevant ministries was set up to consult and support the work of the project team.
The OECD held a series of workshops to build the capacity of officials from the government to conduct competition assessment, in line with international best practices, through the application of the Competition Assessment Toolkit.
The substantive knowledge gained can then be applied to similar exercises in other sectors or to new laws and regulations.
Competition Assessment Toolkit
Helping governments eliminate barriers to competition
The OECD Competition Assessment Toolkit was designed to help governments eliminate barriers to competition through a method that identifies unnecessary restraints on market activities and develops alternative, less restrictive measures that still achieve government policy objectives.
The toolkit is composed of 3 volumes: Principles, Guidance and Operational Manual. The first two volumes are available in more than 17 languages.