Employees of the State Anti-Monopoly Service and Consumer Protection in the Ministry of Economic Development (MED) wiped out about 12 thousand liters of kvass produced by Budad Food Company. Management of the company does not agree with the charges and intends to take action to protect its reputation.
The press service of the Ministry of Economic Development told Turan that the destroyed product was not fit for consumption.
This is the second such case with soft drinks produced by Budad Food Company. In July last year, the MED declared the destruction of 58.1 thousand tons of finished products of this company, which "was made without compounding and processing instructions, and appropriate labeling."
The management of LLC Budad Food Company told Turan that the charges against the company have no any reason and in the coming days they will issue an official position on the illegal actions of the MED.
Note that the verification of Budad Food Company has been held since early August. For alleged violations and unfair competition a financial sanction was applied at a rate of 4,600 manat. - 08B-
Economics
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review