On 28 June, the Estonian Parliament passed the Competition Act and Penal Code Amendment Act. The Act is aimed at bringing the Competition Act into compliance with current European Union competition rules. Now that Estonia has become a member of the European Union, the European Commission is also charged with monitoring competition in Estonia, as it pertains to the Community market. Pursuant to Council Regulation (EC) No 1/2003
of 16 December 2002 on the implementation of the rules on competition laid down in Articles 81 and 82 of the Treaty, which entered into force on 1 May 2004, the regulation of proceedings in competition matters has been amended significantly throughout the European Union. The amendments passed by Parliament more clearly define the concepts "product market" and "agreement of minor importance" and specify the provisions applicable to undertakings with a dominant position. Pursuant to the amendments, "product market" now has a far broader meaning as it is no longer
