Yaqubian Questions Delay in NCA Appointment
Congresswoman Bula Yaaqoubian submitted a parliamentary question to the government regarding the non-appointment of the National Competition Authority, despite nearly four years having passed since the Competition Law was enacted in 2022. The law has been under discussion since the early 2000s. She emphasized that the absence of this authority renders the law unenforceable, highlighting the importance of its existence to protect consumers' interests and prevent monopolies and collusion among companies, especially as foreign acquisitions of national firms and market control are on the rise. The authority is essential for providing opinions on government concessions across different sectors, ensuring market balance, and reducing manipulation and monopolistic practices.
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