Commission for Protection of Competition of the Republic of Serbia and Agency for Protection of Competition of Montenegro signed today in Podgorica, Memorandum on Mutual Understanding and Cooperation in the field of Competition. This Memorandum, signed by Mr. Miloje Obradovic, President of the Commission and Mr.Miodrag Vujovic, Director of the Agency, represents a continuation of promotion of successful cooperation and development of bilateral relations by ensuring conditions for efficient functioning of market products and services.

Serbian and Montenegrin institutions for protection of competition will thus be even closer to European values in the field of competition law and policy, which constitutes an important segment of the negotiation process for accession to full membership in the European Union.

With this document, Commission for Protection of Competition of the Republic of Serbia completed formal cooperation with all countries in the region, which will significantly facilitate the future work and monitoring and sanctioning of irregularities in the market.