Consumer and Competition Division to be restructured into agency
Karl Stagno-Navarra
Government is intent on confronting price abuses and inflation by reforming the legal framework that encases the role of the Consumer and Competition Division in the Maltese economy.
Legislation in this regard is expected to be brought before Parliament shortly after the Summer recess.
Speaking to Business Today, Finance minister Tonio Fenech insisted that government will never intervene directly into price control, adding that it is up to the Consumer and Competition Division to keep price stability in check.
“We are working on a re-haul of the current legal instruments at hand by the Consumer Division, giving it the powers to act accordingly and to be most of all effective against who abuses in prices,” he said.
It is anticipated that the division will be restructured into an agency that will handle complaints, investigate and execute policy on price control.
