The EU Commission proposes a change to the directive on the transparency of financial relations between Member States and public undertakings

"Commission proposes change to Transparency Directive"* The Commission has accepted on 30 March 1999 a draft amendment to the so-called Transparency Directive 80/723/CEE [1]. This Directive in its present form [2] allows the Commission to investigate into the financial relations between Member States and public undertakings. It requires the public authorities to deliver information on an annual basis for enterprises in the manufacturing sector and on request by the Commission for other enterprises. The now proposed amendment has become necessary in light of progressive market liberalisation in Europe. During the last years the Commission has been confronted more and more with complaints about the behaviour of a certain

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  • DG COMP (Brussels)

Quotation

Karl Soukup, The EU Commission proposes a change to the directive on the transparency of financial relations between Member States and public undertakings, 30 March 1999, e-Competitions SGEI and competition law, Art. N° 39335

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