site.btaParliament Passes at First Reading Amendments Reducing Anti-trust Watchdog Term from 7 to 5 Years
Bulgaria's Parliament on Thursday passed on first reading revisions to the Protection of Competition Act. The votes in favour came from the government coalition and Vazrazhdane. GERB-UDF and the Movement for Rights and Freedoms opposed the draft legislation.
The bill reduces the term in office of the members of the Commission for Protection of Competition (CPC) from seven to five years, as was the case between 2010 and 2021. The anti-trust watchdog is to consist of a chairperson, two deputy chairpersons and four members. Currently, the CPC has one chairperson.
New CPC members are to be elected within one month after the revisions enter into force, and the term of office of the sitting members will be terminated when the new ones step in.