Financial News: Draft laws on market operation; business, consumer protection

Regional Development & Competitiveness Minister Mihalis Chryssohoidis presented two draft laws for second reading at a Cabinet meeting on Thursday, draft laws aimed at improving the business environment, while defining company pre-bankruptcy procedures and establishing a concrete contractual framework for realtors and real estate agents. A draft law on brand names and products was brought for the first time before the Cabinet, and aims at improving and updating brand name protection.

Chryssohoidis and Finance Minister George Papaconstantinou also recommended Greece’s participation in the European Bank for Reconstruction and Development (EBRD) share capital increase.

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