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Memorandum of Understanding on Specific Economic Policy Conditionalityland pass<strong>en</strong>ger (both intercity bus and rail) services. The secondary legislation is adoptedand fully implem<strong>en</strong>ted (May 2013).2. The r<strong>en</strong>ewal of the curr<strong>en</strong>t public service contract for rail pass<strong>en</strong>ger transport is to becompleted by direct award by <strong>en</strong>d April 2014 and should have a maximum duration of fiveyears. Public service contracts concluded subsequ<strong>en</strong>tly will be awarded by means ofcompetitive t<strong>en</strong>der. The r<strong>en</strong>t contracts concerning all rolling stock, employed in everypublic service contract are synchronized both in terms of their duration and to allow for anyreallocation of rolling stock as it may become necessary wh<strong>en</strong> am<strong>en</strong>ding these publicservice contracts (continuous). The r<strong>en</strong>t contract betwe<strong>en</strong> TRAINOSE and the State will beinitially synchronized with the 5 year PSO contract including one additional r<strong>en</strong>ewal optionof five year maximum duration. Contracts will be awarded at market prices.6.3.4. Logisticsi. In order to reduce the fragm<strong>en</strong>tation of the economy and lower the cost of trade,the Governm<strong>en</strong>t adopts a framework law on logistics by May 2014.7. Competitive Services7.1. The Retail SectorOn retail, the selected measures aim at allowing a wider class of goods to be sold by moreeffici<strong>en</strong>t retailers, and reduce their operating costs. Measures not only look into retail specificregulations (such as rules on pricing, sales and labelling) but also, into the rules on lic<strong>en</strong>singapplicable to retail outlets. Combined, the measures should help contribute to lower prices andmore choice for consumers.The Governm<strong>en</strong>t:1. Following the review of the lic<strong>en</strong>sing procedure for the establishm<strong>en</strong>t and operation of retailoutlets by the Ministry of Interior, adopts legislation to simplify significantly the number ofauthorisations requested by the public administration for the op<strong>en</strong>ing and operation of shops(April 2014).2. Adopts legislation to liberalize outdoor trade in line with OECD recomm<strong>en</strong>dations (April2014).3. Adopts legislation to liberalize the tourism r<strong>en</strong>tal regime (April 2014).4. Based on an assessm<strong>en</strong>t, adopts legislative am<strong>en</strong>dm<strong>en</strong>ts to bring tourism r<strong>en</strong>tal regime inline with EU best practices (September 2014).7.2. Regulated professions, professional qualifications and provision ofservices1. For professions and economic activities included in Section 10.2, the Governm<strong>en</strong>t adoptslegislation am<strong>en</strong>ding sector specific legislation as per the opinions of the Hell<strong>en</strong>icCompetition Commission and other requirem<strong>en</strong>ts.2. To <strong>en</strong>sure the activities reserved of <strong>en</strong>gineers, architects, geologists and land surveyors arejustified and proportional, the Governm<strong>en</strong>t:212

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