Retail Turkey to clamp down harder on shops charging excessive prices By Reuters November 21, 2022, 10:31 AM Creative Commons Turkish leader said previous fines were not sufficient to punish such sellers and authorities are following the issue closely Turkish President Tayyip Erdogan said he will hold discussions at the next cabinet meeting on adopting heavier measures for supermarkets and stores that charge excessive prices for goods, broadcaster Haberturk reported on Monday. Annual inflation in Turkey is more than 85 percent. Speaking to reporters on his flight back from Qatar, Erdogan said previous fines were not sufficient to punish such sellers and authorities are following the issue closely. “Inspections will continue with very different methods because apparently fines are not improving things… The main point is to make them pay a heavier toll,” Erdogan said, according to Haberturk. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
