Competition board fines Frito Lay 18 million liras in Turkey

September 05 2013 16:08:54

Competition board fines Frito Lay 18 million liras in Turkey

ANKARA - Anadolu Agency

Frito Lay has been fined almost 18 million liras by the competition board.

Snacks maker Frito Lay has been fined almost 18 million Turkish Liras by Turkey’s competition board over single-product loyalty discount allegations.

The investigation launched against the global company owned by Pepsi Co. resulted in the board’s decision against the firm.

The board decision read that Frito Lay was violating Turkey’s Loyalty Competition Act through practices aimed solely at the sale of its products. The firm has therefore been fined 17.909 million liras.

Quark.Models.Entities.Ancestor?.Title?.ToUpperInvariant()

COP29 draft deal proposes rich nations give $250 bln in climate finance

Over 47 million foreign tourists visit Türkiye in 10 months

AI firms seek accords with publishing giants to maintain growth

Competition authority launches probe into Mastercard, Visa

BP announces $7 billion gas project investment in Indonesia

Trudeau to send checks to millions of Canadians

SEC Chair Gensler to exit, clearing way for Trump pick

Volkswagen workers head towards strikes from December

WORLD

COP29 draft deal proposes rich nations give $250 bln in climate finance

A new draft deal at U.N. climate talks Friday proposes rich nations commit $250 billion a year to help poorer nations combat global warming in a bid to break the deadlocked negotiations.

ECONOMY

Over 47 million foreign tourists visit Türkiye in 10 months

Foreign tourist arrivals in Türkiye increased by 7.03 percent year-on-year in January-October to 47.3 million, according to data from the Culture and Tourism Ministry on Nov. 22.

SPORTS

Türkiye heads to Nations League playoffs after Montenegro loss

Türkiye spurned the opportunity to finish atop its group in the UEFA Nations League and qualify for League A directly with a 3-1 loss at Montenegro on Nov. 19 night.