The bill, which was submitted by the Republican People’s Party (CHP), aims to deter excessive price increases, limit hoarding, and provide transparency in pricing.
The bill includes measures to:
- Impose heavy fines on businesses that engage in excessive price increases.
- Empower the Competition Authority to investigate and punish hoarding.
- Require businesses to display their pricing information prominently.
- Establish a price monitoring system to track price changes and identify potential violations.
The bill was submitted in response to widespread concerns about rising prices and the negative impact it is having on consumers. The CHP argues that the bill is necessary to protect consumers from exploitation and ensure fair competition in the market.
The bill is currently being reviewed by the TBMM Presidency and is expected to be debated in the coming weeks. If passed, the bill would be a significant step towards addressing the issue of excessive price increases and hoarding in Turkey.
Kind regards
E. Thompson
Commercial
