We are carefully monitoring the market so that companies do not take advantage of this difficult international economic context and artificially increase prices, says Chairman of the Competition Council Bogdan Chiritoiu.
The competition watchdog is drawing attention to the fact that each company must independently establish its commercial policy, and any artificial increase in prices, as well as the anticipation of a certain price that should be charged, may fall under the provisions of the Competition Law.
"We are carefully monitoring the market so that companies do not take advantage of this difficult international economic context and artificially increase prices. Statements, through which the representatives of some companies announce their intentions to increase the prices of the products they sell, can lead to the coordination of the behaviour of competitors and to an artificial increase of prices on the market. Such types of actions are penalised under the national and European competition rules, because they distort competition and harm consumers," Chiritoiu said in a statement on Monday.
The authority also warns that an association can be held liable for the violation of competition rules when decisions, recommendations or any other activity undertaken by it influence the behaviour of companies, affecting competition between them.
Thus, the Competition Council recommends companies to avoid any practices that could violate the competition legislation and to address the institution regarding the compatibility of their initiatives with the legislation in the field.
Consumers can use the Price Monitor app to find out what prices are charged by the main retailers.
The application works both as a web application and as a mobile application (IOS and Android), which can be downloaded from the App Store and Google Play, and displays food prices from large commercial chains, offering multiple search, sorting and filtering data facilities.
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