On March 5 and 6, the Greek Competition Authority (E.A.) carried out surprise on-site inspections at businesses operating in the ferry sector, particularly those involved in passenger, vehicle, and freight transport services. The inspections aimed to uncover possible anti-competitive horizontal agreements or decisions made by business associations, as well as potential invitations to engage in prohibited collusion and announcements of future pricing intentions among competitors, in violation of Greek and EU competition laws.

The ferry sector is a crucial part of the Greek economy, serving as a vital link between mainland Greece and its numerous islands. It connects 115 inhabited islands, which are home to 14.6% of the country's population. Notably, only 25 of these islands have airports, and 85% of their freight needs are met by ferry services.

It is important to note that the inspections do not imply that the businesses involved have engaged in anti-competitive behavior, nor do they predict the outcome of the investigation. The E.A. is responsible for ensuring the proper functioning of the free market and enforcing competition rules under Greek law and EU regulations.

The E.A. emphasizes its commitment to intervene promptly where necessary and to investigate any relevant cases brought to its attention through complaints, leniency applications, or anonymous tips. Strict administrative penalties will be imposed on businesses found to be engaging in anti-competitive practices.

The E.A.'s leniency program offers significant advantages for businesses and individuals involved in cartel-like agreements, including full or partial immunity from fines, reduced penalties for responsible individuals, and exemption from exclusion from public tenders for three years following a decision.