Bank Of Baku

Azerbaijan to determine minimum retail price for alcoholic beverages

Azerbaijan to determine minimum retail price for alcoholic beverages
# 16 December 2024 12:32 (UTC +04:00)

A regulation is being established for determining the minimum price for the retail sale of alcoholic beverages, this is reflected in the new Article 29-1 proposed to the "Consumer Rights Protection Law," which was discussed at today's session of the Milli Majlis (Parliament), APA reports.

According to the draft, the minimum price for the retail sale of alcoholic beverages will be determined by an authority designated by the relevant executive power body. The procedure for determining the minimum price for alcoholic beverages sold in retail will also be approved by the authority identified by the relevant executive power body. It will be prohibited to sell alcoholic beverages at a price lower than the established minimum retail price.

The draft law was put to a vote and adopted in the third reading.

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THE OPERATION IS BEING PERFORMED