of December 16, 2002 No. 162-Z
About natural monopolies
It is accepted by the House of Representatives on November 15, 2002
Approved by Council of the Republic on December 2, 2002
This Law determines the legal basis of regulation of the public relations arising in spheres of natural monopolies in the markets of services of the Republic of Belarus and is directed to achievement of the balance of consumer interests and subjects of natural monopolies providing availability of the rendered services to consumers and effective functioning of subjects of natural monopolies.
For the purposes of this Law the following main terms and their determinations are applied:
natural monopoly - market situation of services in case of which creation of competitive conditions for satisfaction of demand for certain type of service is impossible or economically inexpedient owing to technological features of production and provision of this type of service;
methodology and rules of its application - method of price regulation (rates) for the services relating to spheres of natural monopolies by determination of procedure for establishment and use of the prices (rates);
rendering services - provision of services, production (realization) of the goods which are objects of civil circulation;
regulating authority of activities of subjects of natural monopolies (further - regulating authority of natural monopolies) - republican state body to which according to the legislation functions on ensuring counteraction of monopolistic activities and development of the competition (in the goods markets of the Republic of Belarus, areas (city of Minsk)), including regulations of activities of subjects of natural monopolies, the prices (rates) for the services relating to spheres of natural monopolies and also control in these spheres are assigned;
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