Merger Regulation in Central and Eastern Europe: Evidence from Hungary, Romania and Slovenia

Kravtseniouk, T. (2002) Merger Regulation in Central and Eastern Europe: Evidence from Hungary, Romania and Slovenia. Acta Oeconomica, 52 (3). pp. 327-345. ISSN 0001-6373

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Abstract

This paper shows the principal features of merger control in selected transition economies of Central and Eastern Europe (CEE), namely Hungary, Romania and Slovenia, by applying case study methodology. The presented findings are based on the analysis of Hungarian, Romanian and Slovenian competition law and merger rulings reached by the Competition Offices of these countries. A substantial part of the conclusions is drawn from a sample of 42 merger applications processed by the Office of Economic Competition of Hungary between 1994 and 2000. The results of empirical analysis demonstrate the considerable flexibility of merger control in the studied countries, its orientation towards the future of domestic markets and a close link with industrial policy. The paper also highlights the areas of interdependence of competition policy and transition and argues that merger control in the studied CEE countries may be regarded as currently adequate to the requirements imposed by transition.

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