New Development in Investigation into Chain Markets

Speaking at the Financial Technologies Panel in Payment Services Birol Küle, President of the Competition Authoritymade statements about the fine given to the chain markets that were on the agenda of Turkey a while ago. Saying that there will be a new development on this issue next week, Küle said, All evidence will be made public. explained.

In the statements made by Birol Küle, “Our reasoned decision will be published on our website at the beginning of next week. Approximately 2.7 billion lira We had imposed an administrative fine, as the Competition Authority. All the evidence that constitutes the reason for this decision, the studies we have done and all the correspondence, communication, coordination that bears the evidence in the decision taken. you will be able to see in the reasoned decision. The reason for the penalty is between suppliers and chain markets. to provide price transitions together We can summarize as‘ statements were made.

What had happened?

2021 was a very difficult year economically. The depreciation of the Turkish lira led to inflation and the cost of living. The price of food products also took its share from this situation. President Erdogan that the crime is in chain markets had expressed. Acting on these words, the Competition Authority, on the other hand, made a policy for chain markets in Turkey. investigation launched.

Chain market officials, within the scope of the investigation opened oral defense they gave. As a result of the investigations, cartelization has taken place conclusion has been reached. In other words, chain stores had set prices by acting together and acted against the regulations. As a result of this investigation 5 chain markets and several suppliers 2.7 billion TL in total fined. Here’s what happened during this investigation process, will be revealed in the coming days…