COMPETITION LAW AND PUBLIC COMPANIES IN EUROPEAN UNION

Abstract

Rules of the competition in Treaty on European Union are applied not only on private sector, but also on public sector- i.e. on public companies. Under EU regulation the public company is a company on which public authorities have direct or indirect influence based on ownership, financial participation or principles that regulates work of the company. This kind of companies perform the functions of general economic interest for community. Rules of competition are applied on them having in mind their specific mission, and having in mind that fulfilment of that mission has a priority compared to preservation of competition, which is appreciate in every single case. Development of trade should not be endangered to an extend which would be contrary to the interests of the European Union.