Indeed, the two parties' modest market shares (less than 20%) of any Portuguese banking and insurance market, strong competitors and limited barriers to market entry ensure continued strong competition.

- part load (expressed in %): the ratio between the effective output of a boiler operating intermittently or at an output lower than the effective rated output and the same effective rated output;

Whereas local climatic conditions and the energy and occupancy characteristics of buildings differ greatly within the Community; whereas Member States must take this diversity into account when determining the conditions for putting boilers into service in implementation of this Direcitve; whereas these circumstances justify the fact that Member States where back-boilers and boilers designed to be installed in the living space are widely installed at the date of the adoption of this Directive should continue to authorize, within specific limits, the placing on their markets and the putting into service of such boilers; whereas these a ...[+++]rrangements should be subject to particular surveillance by the Commission;

It is therefore important, in order to benefit from the advantages of the internal market without jeopardizing objectives for rational energy use, that efficiency requirements for boilers should be harmonized at a high level within the limits imposed by currently available technologies.

The customers of Hermes will be strong well informed companies able to limit its market power.

At the same time, the decision takes into account the particular circumstances of the market for agricultural tractors within the United Kingdom, namely: - Narrow and declining market; - Highly concentrated market in which the 4 largest manufacturers have 70 % and the 8 members of the exchange approximately 88 % of the market; - 2 - - Even smaller number of suppliers (sometimes 3 or 4) for particular categories or powers of tractor; - Barriers to entry arising from brand loyalty and from the high costs of creating a sales and servi ...[+++]ce network. - Absence of significant imports from third countries.