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18.09.2024 | 🇵🇱 Polish competition authority
The President of UOKiK is monitoring areas hit by floods to prevent price increases of essential goods and building materials due to potential anti-competitive practices.
The inspection will respond dynamically to market signals indicating possible violations of the law by entrepreneurs, such as price fixing or abuse of dominant position.
UOKiK President emphasizes the need for empathy and solidarity in the market, warning against exploiting flood victims and stating that any attempts to break the law will be met with firm action.
Illegal agreements among businesses to fix prices or abuse of market dominance are prohibited by law, with fines of up to 10% of the company's turnover for competition law infringements.
UOKiK encourages reporting any suspected anti-competitive practices in flood-affected areas and assures that inspections will be conducted by the Commercial Inspection, even without prior notice to entrepreneurs.
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