Damjanović: If high prices in retail chains are the result of an agreement, the AZZK will immediately sanction it

"We want to believe that consumer protection is a common goal of state institutions, but also of all market participants," said the President of the Council of the Agency for the Protection of Competition.

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Photo: AZZK
Photo: AZZK
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

If high prices in large retail chains are the result of an agreement, and not competitive competition, the Agency for the Protection of Competition (AZZK) will immediately sanction this through effective enforcement of the law, just as was the case with mobile operators, who are facing a multi-million-crore fine due to a cartel agreement, announced Dragan Damjanović, President of the AZZK Council.

"We would like to point out that we are analyzing the newly created situation caused by high prices with great care and we urge citizens, if they have any information confirming that this is an illegal agreement, to immediately send evidence to the Agency," he said.

He reminds that the Agency cannot determine the price and margin, nor does it have the status of a regulator, "but it has a very important control role, which protects the market from abuse of dominant position and prohibited agreements."

"Considering the fact that at the end of the day we are all just ordinary citizens, we want to believe that consumer protection is a common goal of state institutions, but also of all market participants," the statement reads.

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