Competition commission says Serbian retailers breaking law

NEWS 03.09.2020 13:33
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Source: Ilustracija

The Serbian Commission for Protection of Competition said on Thursday that the prices of consumer electronic goods in Serbia are 13 percent higher that the average prices in the European Union, adding that it suspects retailers have a mutual agreement which is in violation of the law on competition.

“The prices of some product categories are 33 to 39 percent higher in Serbia than in Hungary where the VAT is 27 percent compared to 20 percent in Serbia,” the Commission said in a press release adding that the comparison of prices was based on Eurostat data for 2019. It said that consumer electronics were 2.5 cheaper in Hungary than the average in the EU.

The Commission said that it compared prices in three Serbian companies (Roaming Electronics, Tehnomanija and Comtrade Distribution) and added that they are offering goods at similar or identical prices which led it to suspect that they some kind of an agreement exists defining prices and conditions of sale which it said is a violation of the law on competition.