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OECD Competition Assessment Reviews: Greece 2017

image of OECD Competition Assessment Reviews: Greece 2017

This report analyses Greek legislation in a number of sectors and identifies about 350 legal provisions which could be removed or amended to lift regulatory barriers to competition. The work undertaken in the project has involved the review of over 1 200 pieces of legislation in these sectors of the economy, using the OECD Competition Assessment Toolkit. The analysis of the legislation and of the Greek sectors has been complemented by research into international experience and consultation with stakeholders from the public and private sectors. The OECD has developed recommendations to remove or modify the provisions in order to be less restrictive for suppliers and consumers, while still achieving Greek policy makers’ initial objectives. If these recommendations are implemented, benefits to consumers in Greece and to the Greek economy should arise in all sectors. Throughout this report, the authors identify the sources of those benefits and, where possible, provide quantitative estimates.

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Preface by HE Georgios Stathakis

The aftershock of the global crisis in 2008 struck hard the Greek economy, which suffered an eightyear long recession and lost 26 % of its GDP. Since taking office, the current government’s top priority has been to secure the country’s return to sustainable and inclusive economic growth that will alleviate the inequalities incurred by the crisis and boost employment. A key element in this direction is to create a proper institutional framework that will boost investment and innovation, which are the drivers of a competitive economy. In this regard, product market reforms pursued in the context of the current OECD Competition Assessment Review are crucial, as they secure equal rules for all market stakeholders and promote the restriction of bottlenecks in their operation. The current project focused on five key sectors, namely, wholesale trade, manufacturing, e-commerce, media, and construction.

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