Norwegian Competition Authority
From Wikipedia, the free encyclopedia
| Norwegian Competition Authority | |
|---|---|
| Type | Government agency |
| Founded | 1917 |
| Headquarters | Bergen, Norway |
| Area served | Norway |
| Key people | Knut Eggum Johansen (Director) |
| Parent | Norwegian Ministry of Government Administration and Reform |
| Website | www.konkurransetilsynet.no |
Norwegian Competition Authority (Norwegian: Konkurransetilsynet) is Norwegian Government agency responsible for managing the Competition Act of 2004, including regulations imposed through the European Economic Community. This includes regulating cooperation that hinders competition, misuse of a dominant market position and control of buy-outs and mergers. The authority is based in Bergen.
[edit] History
Competition regulation in Norway dates back to the break-out of World War I when merchants make large profits maximizing the prise of nessesary goods. To counter this, the authorities regulated the prise and availability of food through rations. On July 21, 1917 the Norwegian Price Directorate was created to regulate the Norwegian market. The present name came in 1994 when a new Competition Act was passed and the authority restructured. In 2003 it was moved from Oslo to Bergen.
