We are living in VUCA times, and to succeed leading through these times it is really challenging, success coming only from really hard work on the path to both consumer welfare (promoted by well-functioning, competitive markets), choice (effective competition being facilitated by effective consumer choices) and fairness, one hand, and economic efficiency, efficacity (consumers being served by ensuring that markets remain competitive by encouraging new market entrants and creating incentives for innovation), freedom and plurality, on the other hand. Paraphrasing the words of Peter Drucker, we can say that the Romanian Competition Council understood that even more effective action will come from the quiet reflection following effective action.
The Annual Report 2022 confirmed that the Romanian Competition Authority managed to overcome the so-called “paradox of preparedness” described a year ago by George Day and Roger Dennis. The President of the Romanian Competition Council (RCC), Bogdan M. Chiriţoiu, highlighted the strengthening RCC’s expertise in ensuring the systematic implementation of reforms of the competition regime. He reconfirmed again the continuously focusing on monitoring the key economic sectors and on protecting the competitive environment, while facing the above-mentioned VUCA times.
And as an authority must do what it is entitled to do, it is worth mentioning the impressive speech delivered by the reputed Director-General Olivier Guersent, DG Competition, European Commission, who engaged the audience, by expressing clearly and in a succinct way his points confirming professional qualities, including by using suggestive human quotes. It was also a true surprise to hear him reveal beautiful memories of his Romania trip many years ago.
The inspired wise words made us recall again not only what the French moralist and essayist Joseph Joubert said hundreds of years ago (“Everything the father of a family says must inspire one or the other”), but also what some of the founding fathers of the European Union brought to our attention at the middle part of the 20th Century: “Everybody is ambitious. The question is whether he is ambitious to be or ambitious to do…” “Education and culture is the key to European integration” (Jean Monnet); “Europe will not be made all at once, or according to a single plan. It will be built through concrete achievements which first create a de facto solidarity” (Robert Schuman).
This new Romanian Competition Council’s Annual Report entitled “Competing in today’s economy – keeping markets running” proved again the accumulated experience, the refining of working practices and delivery of decisions in a timelier manner without reducing quality, by tackling competition problems and encouraging compliance, and also continuing to stimulate the strategic dialogue about what did help to deliver better results, building on delivering for consumers.
Theodor Valentin Purcărea
Member of the Advisory Board of the Romanian Competition Council
Professor at Romanian-American University
Editor-in-Chief “Holistic Marketing Management”
President of the Romanian Distribution Committee
Editor-in-Chief “Romanian Distribution Committee Magazine”