Araz Supermarket fined AZN 2.5 million

16:43 - 6.05.2022


May 6, Fineko/abc.az. As a result of research conducted by the State Service for Antimonopoly Supervision & Consumer Market Control, it turned out that advertisement titled "The Araz supermarket chain was chosen as the cheapest market on New Year's Eve" contains wrong information about the prices of goods, terms of purchase and payment.

The advertisement contained unreasonable price comparisons with other market participants and unfair and inaccurate advertising, ABC.AZ reports.

Along with this, it was revealed that the advertising information contains false and distorted information about the business reputation and financial position of other market entities.

Under the decision, financial sanctions in the amount of AZN 2.48 million were applied to Araz Supermarket LLC for unfair competition.

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