The National Agency for Competition Protection will be named the Competition Council as in most of the countries where such institutions exist. The new bill on competition was approved by the Government on August 24, Info-Prim Neo reports. The document extends the regulation areas of the current law on the protection of competition. It contains regulations governing anti-competition practices, disloyal competition, economic concentrations, the examination and investigation of violations of the competition norms and responsibility for violating them. The Competition Council will be a decision-making, regulatory, banning, intervention, controlling and penalizing body. Moldova pledged to adopt a new law on competition within the negotiations on the creation of a Deep and Comprehensive Free Trade Area with the EU.