The Greek Competition Commission imposes a fine for a non-notification of a merger between two maritime companies (Sea Star, ANEK and HSW)

The importance of a decision of the Greek Competition Commission (GCC) concerning the Greek maritime sector cannot be fully understood without at least having a general knowledge of the fundamental place this sector has in Greece and, as a consequence, in the European Union. Greece is a maritime nation by tradition and is one of the world's largest shipping powers. Shipping is one of the healthiest and most dynamic sectors of the Greek economy representing approximately 8% of the country's GDP. Maritime transportation is also significant for the European Union, as exports transported by sea account for 90% of its external trade and 41% of its internal trade. Greece is a major international shipping point, and its control of 40% of the European Union vessels, representing 22,4% of EU

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  • European Court of Justice (Luxembourg)

Quotation

Georges Vallindas, The Greek Competition Commission imposes a fine for a non-notification of a merger between two maritime companies (Sea Star, ANEK and HSW), 8 January 2009, e-Competitions Bulletin January 2009, Art. N° 32026

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