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Azerbaijan counts number of market players violating regulations in 2023

Economy Materials 18 January 2024 13:20 (UTC +04:00)
Azerbaijan counts number of market players violating regulations in 2023
Kamran Gasimov
Kamran Gasimov
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BAKU, Azerbaijan, January 18. Violations of Azerbaijani state regulations on advertising a number of goods or services were identified in 90 market entities in Azerbaijan in 2023, the Head of the State Service for Antimonopoly Control and Supervision of the Consumer Market under the Ministry of Economy Mammad Abbasbayli said during a press conference on the results of activities for 2023, Trend reports.

He explained that most of the violations occurred when advertising medical services and pharmaceuticals.

“Last year, 20 such violations of the law were identified in this area: 15 in the advertising of banking services, 13 in the advertising of alcoholic beverages, 11 in the advertising of tourism services, nine in the advertising of dietary supplements, and six in the insurance sector,” he noted.

Abbasbayli also pointed out that social media didn't properly comply with local law regulations for advertisements, due to which a package of proposals was presented to amend advertising laws to solve existing inadequacies.

The State Service for Antimonopoly and Consumer Market Control contributes to the development and implementation of state policy in the areas of antimonopoly policy, public procurement, technical regulation, standardization, metrology, and consumer protection. The fundamental aim of the service is to provide circumstances for free competition and effective entrepreneurship protection, ensuring the long-term development of the Azerbaijani economy.

The service was established by the decree of the President of the Republic of Azerbaijan, Ilham Aliyev dated October 23, 2019.

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