By Law no. 21/1996 on competition (the “Competition Law”) and by the ancillary legislation issued for the application of the first, Romania has fulfilled its obligations provided for in the Association Agreement concluded between Romania and the European Union on the policy in the competition field, thus a high level of compatibility being ensured in what concerns the way of treating and regulating agreements, concerted practices, abuse of dominant position and control of economic concentration. The law on competition has generally followed the line of the Community law. The provisions of Articles 81 and 82 of the Treaty on European Community (the “EC Treaty”), including the Council Regulations no. 1/2003 on the implementation of the competition rules set forth in Articles 81 and 82 in the CE Treaty (the “Regulations”), are set forth in Articles 5 and 6 of the Competition Law. Other regulations and instructions have also been adopted by the Competition Council in the same spirit. The national legislation in the competition field remains in force, except for the legislation on state allowances, and will continue to regulate the practices and operations affecting competition on the Romanian market.
