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Retailers Warned Against Making Unfair Price Rises

Retailers Warned Against Making Unfair Price Rises

August 22
07:18 2018

North Cyprus News - Supermarket 2Opportunistic retailers have been warned against taking advantage of the recent plunge in the value of the Turkish lira to make “excessive” price rises in everyday products.

Prime Minister Tufan Erhürman issued the warning about any unscrupulous trading in a speech. Teams from the Finance Ministry teams would be carrying out spot-checks at shops and businesses “to protect ordinary citizens” from being cheated, he said.

The announcement came as his Cabinet met to approve a 24-point package — initially 23, but with a measure curbing rents by the Evkaf foundation added on later, aimed at countering the effects of the vastly weakened TL .

Ministers sat for a full day before Deputy Prime Minister Kudret Özersay announced that some measures had been agreed and would remain in effect until 31 December.

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