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competition law

competition law market dominance

After long battle, CyTA loses fine case

In a final ruling, the Supreme Court upheld a €390,000 fine against CyTA for blocking competition in the telecommunications sector. The decision emphasizes the importance of adhering to competition laws to maintain fair market practices.

competition law consumer protection

Energy Minister Advocates for Fair Trade and Competition

Energy Minister George Papanastasiou advocates for fair trade and competition at the Cyprus Conference on Competition Law, highlighting government measures to support the local economy with €256 million, reduce electricity costs, lower tax burdens, and reinforce consumer protection for economic resilience and quality of life. The focus is on creating a conducive environment for fair competition, addressing the challenges of the global economic landscape, and aligning with EU policies to enhance competition law and policy for a balanced and innovative market.

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