OECD proposes ways to improve competition, estimates positive economic impact at 414 mln

Economy Tags: OECD, Reforms
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

The Organisation for Economic Cooperation and Development (OECD) published on Monday its third assessment of Greece’s competition laws and regulations, identifying those that may hinder the competitive and efficient functioning of markets.

The assessment focused on five sectors, namely e-commerce, construction, media, wholesale trade and a number of manufacturing sub-sectors such as chemicals and pharmaceuticals, representing 11.2 percent of GDP and 16.7 percent of employment.

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