Cyprus has enacted a new competition framework, which introduces
additional powers for the Cyprus Commission for the Protection of
Competition (the CPC). The new legislation
consolidates previous statutes regulating collusive conduct, abuses
of dominance and abuses of relationships of economic
dependence.
The new legislation enhances the safeguards of the CPC's
independence and competence, as it transposes Directive (EU) 2019/1
into Cyprus law (Directive (EU) 2019/1 of the European
Parliament and of the Council of 11 December 2018 to empower the
competition authorities of the Member States to be more effective
enforcers and to ensure the proper functioning of the internal
market).
