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Ekonomi2024-12-19 15:57:00

Basket products, the Competition Authority starts the monitoring of commercial entities: Fines for those who abuse the prices

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Basket products, the Competition Authority starts the monitoring of commercial

The Competition Authority has started on-site monitoring regarding the prices of basket products, on the eve of the end-of-year holidays, in order to avoid abuses.

The Competition Authority announces that it will monitor commercial entities and this action aims to prevent price abuse. Meanwhile, penalties are warned against those subjects who will abuse.

" The Competition Authority announces that, within the framework of the commitment to protect competition and consumer interests, it is taking all the necessary steps by putting under immediate field monitoring the prices of food basket products during the year-end holiday period, with aimed at identifying, preventing and penalizing those commercial enterprises that abuse prices in violation of law no. 9121/2003 "On the protection of Competition

The Competition Authority assures citizens that it will identify and punish any possible phenomenon of artificial price increase that may be caused by unfair competition practices.

Law no. 9121/2003 "On the protection of competition" prohibits all agreements that have as their object or as a consequence the obstruction, limitation or distortion of competition in the market, especially agreements that determine, directly or indirectly, purchase or sale prices, or any other terms of trade.

Bringing to the attention of networks of commercial enterprises that the violation of Law 9121/2003 "On the protection of competition" constitutes an administrative offense and is sanctioned with a fine, in the amount of up to 10 percent of the turnover of the previous financial year of the enterprises included in the agreement of illegal" , says the official announcement.

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