March 10, 2014
Gov’t fines supermarkets up to 1.6 M pesos
In a press conference held at the Ministry of Economy, Domestic Trade secretary, Augusto Costa revealed the fines on local supermarkets which refused to apply the Precios Cuidados price-control program.
Accompanied by Economy Minister Axel Kicillof, Costa detailed the amounts of the fines, however he clarified that Federal Justice will have the last word on the matter.
Carrefour chain received a fine of 1.3 million pesos, Día $606.000, Walmart $604.000, Vea $419.000, while Coto stores received a $240.000 pesos fine.
Although punitive fines reached the main supermarket chains, Costa stated that “the fulfilment rates (of the price program) have risen”.