Competition Agency: 18,138 economic agent concentrations registered in Q4 2023
The Georgian Competition and Consumer Agency on Tuesday said 18,138 concentrations of economic agents had been registered in the country in the fourth quarter of 2023. Photo: Nino Alavidze/Agenda.ge
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The Georgian Competition and Consumer Agency on Tuesday said 18,138 concentrations of economic agents had been registered in the country in the fourth quarter of 2023.
The Agency said the annual turnover of the parties participating in registered unions had not met the criteria necessary for the origination of the obligation of prior notification in the part of the annual turnover in 18,130 cases.
It added eight cases met the criteria, with three of them falling under exceptions defined by the competition law, and one categorised under the competence of a relevant regulatory body.
In the remaining four cases, the body said the entities “supposedly had an obligation to notify the Agency of the concentration in advance”, with the state institution launching proceedings with regard to the economic agents.
The Agency said last year unions of 40,597 companies registered in Georgia had been verified, while only nine concentrations had been approved.
The law for regulating the rights and obligations of intermediary service providers in the e-Commerce sector and protecting consumers by making information services more transparent and standardised has fully entered into force in Georgia starting this year.
The Competition and Consumer Protection Agency of Georgia on Tuesday announced it had fined three companies ₾1.6 million ($595,954) for an arrangement that granted exclusive rights to selling cinema tickets online in violation of competition law.
The Competition and Consumer Protection Agency of Georgia on Monday said it had received 578 complaints on violations of consumer rights between November 2022 and January 2024 and opened cases on 340 of the submissions.
The Georgian National Competition Agency on Friday announced it had fined four pharmaceutical companies ₾53 million ($19 mln) for price-fixing on oncology medicines funded within the state programme.
The natural and liquid gas markets in Georgia are “compatible” with competitive environment and there are “no risks” of violations of competition legislation by actors in them, the Georgian Competition and Consumer Agency said on Wednesday after publishing the results of its 2019-2022 monitoring of the market.
The State Procurement Agency of Georgia on Wednesday said it had blacklisted 16 companies in the first three weeks of 2024 due to their failure to fulfil obligations under contracts on state procurement.
Commercial banks in Georgia loaned ₾52.65 billion ($19.76bln) and received deposits of ₾50.60 billion ($18.99bln) in December, the latest data from the National Bank of Georgia shows.
The number of consumer claims against commercial banks operating in Georgia decreased by 1.9 percent year-on-year in 2023, with the figure reduced to 22,794, the National Bank said in its latest update of the figures.