Cross-border services

Article Abstract:

The European Community (EC) proposed a new directive that will make it easier for service companies of member countries to conduct cross-border business. This proposal on free competition covers such areas as open tendering, advertising, minimal time limits, contract award criteria, and prohibition of discrimination. "Priority services" such as maintenance and repair services, telecommunications, research and development, computer and related services, among others, are subject to these rules. Initially exempt from the rules are "residual services", which include hotel and restaurant services, rail transport, legal services, and recreational, cultural and sporting services. The new directive may offer certain advantages, but the increased competition from overseas may create difficulties for local businesses.

Europe, Laws, regulations and rules, Services industry, Service industries, European Economic Community

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Analysts in action

Article Abstract:

The Monopolies and Mergers Commission has developed a method for analyzing the financial results of companies that are integrated vertically and horizontally. These results comprise the data which the Commission finds hardest to analyze when conducting industry-wide monopoly inquiries. The Commission's approach involves the use of detailed financial questionnaires that are designed to generate reliable and authentic financial information from companies in a manner that they can be aggregated on standardized basis. Thus, these questionnaires reveal the financial performance of the industry being investigated and that of the companies involved. The Commission used this approach on the beer and petrol industries, wherein vertically and horizontally integrated companies are involved.

Services, Investigations, Monopolies, United Kingdom. Monopolies and Mergers Commission

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