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Minister of Commerce Ömer Bolat made various statements about the penalties they imposed on the automotive market, advertising restrictions, stockpiling, and exorbitant prices.
According to these statements, it was stated that 126 companies paid a fine of 52 million lira within the scope of the "6 months 6 thousand kilometers" regulation, especially in the automotive industry. In comparison, 253 companies paid a fine of 67.5 million lira within the scope of the "advertising restriction." Continuing his statements regarding the penalties imposed against hoarding and exorbitant prices, Bolat said, "We imposed a penalty of 102.5 million lira for stockpiling and 86 million lira for exorbitant price regulation. On the other hand, we imposed a fine of 280 million lira for consumption such as contracted digital platforms, televisions, paid subscriptions, advertising and unfair commercial practices, deceptive advertising, and unfair commercial practices. We imposed a penalty of 64 million lira during inspections ," he said.
The concept of "exorbitant price," which we have heard a lot lately, is at a very critical point not only in terms of the commercial world but also in economic, political, and legal terms. For this reason, many guidelines have been presented against the exorbitant price and hoarding approach, which has increased significantly since the pandemic. One of them is the anti-hoarding law. According to this law, fines starting from 100 thousand liras and up to 2 million Turkish liras can be imposed on individuals or institutions determined to be stockpiling. However, the increasing price increases prompted the Ministry of Commerce to retake action.
In this context, Minister of Commerce Ömer Bolat pointed out that 37 thousand 313 companies were inspected regarding the penalties and label differences against hoarding and exorbitant prices; "A penalty of 23 million lira was imposed here, too. Such penalties of 432 million Turkish lira were imposed in 2022 and 2023. The markets are being inspected, and our citizens should be of peace. We are trying to improve and increase the supply and production conditions related to the deficiencies caused by the supply. We are also trying to improve the competitive environment in terms of competition." used. Stating that they also saw exorbitant price increases in the cement and ready-mixed concrete sector, Bolat noted that both the Ministry and the Competition Board launched an intensive investigation on this issue a few weeks ago.
