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temporary abuse of economic competition with the aim of excluding competition abuse of a dominant position by an owner or administrator of a so-called 'unique' facility.

Control of Concentrations

Concentration is a process of the economic linking of entrepreneurs through

a merger or amalgamation of two or more previously independent entrepreneurs, or an acquisition of direct or indirect control by one or more entrepreneurs over an enterprise (or part thereof) of another entrepreneur(s).

The establishment of a joint venture jointly controlled by two or more entrepreneurs that will in future permanently operate as an independent economic subject, is also considered to be a concentration.

Notification to the Slovak Antimonopoly Office is mandatory if:

the combined worldwide turnover of the participants to the concentration is at least EUR 46 million and at the same time each of the two or more participants to the concentration had an aggregate turnover in Slovakia of EUR 14 million during the accounting period preceding the concentration, or one or more of the participants to the concentration had an aggregate turnover of at least EUR 19 million in Slovakia and at least one other participant to the concentration achieved a worldwide turnover of at least EUR 46 million during the accounting period preceding the concentration.

The Antimonopoly Office must be notified of the concentration; the parties may not put into effect the relevant transaction prior to the approval of the Antimonopoly Office. The Antimonopoly Office must decide on the concentration within 60 working days from the day of delivery of notification; this time period may be prolonged in more complex cases.

Price Controls

With the introduction of a market economy, the former strict price controls were removed and at present, most prices are set freely by companies. Only the prices of energy, rents for particular premises and the prices of certain services are still regulated.

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©2010 KPMG Slovensko spol. s r.o. , a Slovak limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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