Business Ombudsman and Competition Agency Sign Memorandum

Business Ombudsman of Georgia Irakli Lekvinadze and Nodar Khaduri, chairman of Competition Agency have signed a memorandum on cooperation.

Objective of the memorandum is to, based on equality principles, enhance cooperation for protection of rights and legal interests for implementing entrepreneurial activities in Georgia, efficient implementation of competition policy and protection of free competition principles.

‘The Business Ombudsman’s Office and the Competition Agency have rich experience of cooperation and jointly resolution of various issues, including the bank guarantees, as banking and insurance guarantees were differentiated  in the state procurement process. Based on our conclusion and joint assessments, we appraised them as an identical product. We have already sent recommendations to the corresponding state offices not to differentiate these two products. Moreover, when they submit facts about dishonest competition or similar activities, we discuss these issues jointly with the competition agency and this memorandum will also help in deepening our cooperation”, Business Ombudsman Irakli Lekvinadze said.

Based on this memorandum, the Parties confirm to cooperate for improving competition environment in Georgia and ensure  free market and fair trading principles. If necessary, the Parties will also develop offers regarding those regulations in the Georgian legislation that may be restricting free competition and hindering protection of rights and legal interests for implementing entrepreneurial activities.

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