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PRESIDENTIAL DECREE OF THE AZERBAIJAN REPUBLIC

of December 24, 1992 No. 377

About state regulation of the prices (rates) for products (services) of the companies and associations monopolists

(as amended on 16-08-2016)

For the purpose of prevention of artificial overestimate of the prices (rates) by the companies and associations monopolists and the prevention of the obstacles in way of development of entrepreneurship and the competition resulting from it, ensuring consumer protection I decide:

1. The prices (rates) for exclusive products (services) of the companies and associations included in "The state register of enterprise monopolists" irrespective of form of their property, are regulated by the state in the form of establishment of limit of the prices (rates), introduction of fixed prices, establishment of limit of profitability, declaring of change of free prices (rates).

2. To the Ministry of Economics annually to set profitability limit on other exclusive products (services) of the companies and associations included in "The state register of enterprise monopolists".

3. Determine that in connection with changes of conditions of placement and development of production, sales of products (services) the Ministry of Economics can change ahead of schedule in coordination with the relevant state bodies the profitability limit set for enterprise monopolists.

4. Determine that for the purpose of stimulation of development of production, implementation of the new equipment and technology, release of new types of products of effective use of internal reserves of production, expense reductions, decrease materialo-and labor inputs state regulation of the prices (rates) for products (service) of enterprise monopolists does not extend:

* on part of products made in current period over the amount made during the corresponding period of last year (in kind);

* on products of new types and the highest category (within two years since the beginning of their serial production).

5. To the Ministry of Economics in coordination with the proper ministries and departments to develop procedure for reference of products to new types and the highest category and till February 1, 1993 to bring it to the relevant ministries, departments, the companies and associations.

6. Determine that in cases when as a result of implementation of the new equipment and technology, decrease materialo-and labor inputs are cut down production expenses, enterprise monopolists can sell products (services) in the former prices.

7. Determine that except as specified, stipulated by the legislation, state regulation does not concern the prices (rates) for products (services) of the companies and associations monopolists realized outside the republic.

8. State regulation does not concern the prices of the finished goods made, but not implemented by economic subjects before entry into force of this Decree.

Charge to the Cabinet of Ministers of the Azerbaijan Republic to determine the part of profit from realization of such products aimed at the production development.

9. According to the relevant current legislation to apply to the economic subjects violating these rules such economic sanctions as implicit budget contribution of the added amount of profit and imposing of penalty on them in the amount of this amount.

To the Ministry of Economics and the Ministry of Finance till February 1, 1993 to establish rules of application of economic sanctions concerning the companies, associations included in "The state register of enterprise monopolists" their officials breaking the state price discipline to bring these rules to the relevant ministries, departments, the companies and associations.

10. Control of observance of the state price discipline by the companies and associations included in "The state register of enterprise monopolists" performs the Ministry of Economics on the basis of the existing antitrust law.

President of the Azerbaijan Republic

Abulfaz Elchibey

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info

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