The Competition Council is establishing cooperation relations with a number of regulatory authorities in order to liberalize relevant market segments. The carrying out of studies in regulated areas, with the support of World Bank experts, will be the first step in this direction. Afterward, based on the formulated conclusions, proposals will be made for liberalizing the market, IPN reports.

“Competition must stimulate the improvement of the quality of goods and services and lead to lower prices. This does not yet happen in the case of regulated markets in Moldova,” Competition Council head Viorica Carare said in a roundtable meeting.

The most serious competition-related problems are encountered on the oil products market, the insurance market and the medicines market.

The roundtable meeting “Sector constraints of competition: necessity and limits in the liberalization of economy” was organized by the Competition Council in concert with the World Bank.