ECONOMY

Changes to competition watchdog?

The Ministry of Development is looking into implementing changes to the Competition Commission in a bid to make it more efficient, such as reducing the number of cases it handles, according to sources. The new legal framework that may provide the commission with a boost is currently being worked on and ministry officials believe the draft bill could be finalized and made public next week. Recently appointed Development Minister Costis Hatzidakis has repeatedly said that improvements to the competitions watchdog rank among his top priorities. Among the changes being examined is reducing the number of the commission’s members from 11 to nine. The change would also involve employing most of them on a full-time basis whereas now only the president has an exclusive employment agreement. Other proposed changes include passing off less important cases to state services, allowing the commission to address more important issues.