Wednesday, 09 March 2022 11:43

Press Release - Unannounced inspections in the construction sector

SubjectThe Hellenic Competition Commission carries out unannounced inspections in the construction sector in the context of the investigation under Article 11 of Law 3959/2011 (regulatory intervention in sectors of the economy)

Athens, March 9, 2022 – Today, the Hellenic Competition Commission (HCC) conducted unannounced inspections at the premises of undertakings active in the construction sector and established in the Attica region. The inspections were carried out in the context of the HCC’s ex officio investigation under Article 11 of Law 3959/2011 “Regulatory intervention in sectors of the economy”. The HCC is examining the effects which common ownership/common shareholding in companies active in the construction sector might have on the conditions of effective competition in the market.

The HCC enforces the Greek Competition Act (Law 3959/2011) in order to ensure the proper functioning of free markets.

Pursuant to Article 11 of the Greek Competition Act, the HCC examines sectors of the Greek economy at the request of the Minister of Economic Affairs, Competitiveness and Shipping or ex officio. If the HCC finds that conditions of effective competition do not exist in that sector and that the application of antitrust and merger control rules cannot ensure effective competition, it may issue a reasoned decision requiring any necessary measures that may create conditions of effective competition in the sector of the economy in question.

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