The Georgian Competition and Consumer Agency has released its report for the year 2023. The report provides a comprehensive overview of the Agency's efforts to strengthen competition policies and protect consumer rights. It includes detailed information regarding the activities carried out and the results achieved in pursuit of these goals.
Georgia is a candidate for EU membership! This decision moved us one step closer to our historic aim. The Georgian Competition and Consumer Agency welcome this major decision along with its 10th anniversary date and news. Adding the consumer right part to the name better represents the Agency's goal and primary responsibilities. The organizational structure altered as part of the internal reform, becoming more adaptable to new functions and statuses.
In 2023, the Agency closed eight investigation cases that involved three cartel topics - fuel, pharmacy, and online ticket markets. Violations were found in all three cases. In two reinvestigations, recommendations were issued to state administrative bodies. In one case, unfair competition was confirmed, while in the other, abuse of a dominant position was not established.
From last year's monitoring, market assessment of the supply/offer of insurance products in the process of realization of banking products was highly relevant. The assessment revealed potential risks of competition restriction. As a result, six mandatory recommendations were provided to the regulator to enhance market transparency and competitiveness.
The effective control of company concentrations is continuing constantly. The implemented concentrations are monitored quarterly using data from the Public Registry, and in case of non-notification, appropriate proceedings are initiated. In 2023, we approved nine concentrations.
The first case in the direction of dumping has been revealed. After the study began, the importer made price adjustments that were deemed fair by the local industry, leading to the termination of the investigation. The legislation passed the initial test fairly well.
Consumer protection measures are active and functioning effectively. Consumers feel supported and empowered to report any violations made by traders“. Irakli Lekvinadze, the Chairman of the Georgian Competition and Consumer Agency.
As per the statement of the Agency's chairman, the Agency has been operating for ten years. In 2014-2023, the Agency has completed 49 investigation cases, 13 monitoring cases, and approved 32 concentrations. Additionally, the Agency has issued 100 mandatory recommendations to state authorities, local self-government bodies, and undertakings. As a result of consumer rights protection, consumers have received direct benefits up to 500,000 GEL. Furthermore, 11 traders were fined.
