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Parliament Approves Competition Law Amendment
The House of Representatives approved the Competition Protection and Anti-Monopoly Practices Bill, aimed at strengthening market oversight and protecting small entrepreneurs and small to medium-sized enterprises. The new law focuses on enhancing the efficiency of regulatory bodies, providing flexible enforcement tools, and tightening control over economic consolidations to ensure they do not lead to monopolistic markets. It also includes a system of financial and administrative penalties to deter violations, improve the business environment, and attract investments.
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