The “Troika” and Competition Law

The Memorandum of Understanding entered into between the Portuguese State and the International Monetary Fund, the European Central Bank and the European Commission (“the Troika”) sets forth a range of goals and measures that shall be implemented by the Portuguese State in order to promote competition in the markets as a means to improve economic growth.

The Memorandum includes a section on competition, public procurement and business environment, in which the need to ensure a level playing field and to minimise rent-seeking behaviour in the Portuguese markets by strengthening competition as well as sectorial regulation is highlighted.