March 3, 2015
Friday, February 14, 2014

Gov’t fines supermarkets up to 1.6 M pesos

Domestic Trade secretary Augusto Costa (L) next to Economy Minister Axel Kicillof. (TÉLAM)

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”.

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Tags:  Argentina  Economy  Precios Cuidados  Kicillof  Costa  

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