Live Update
From the Liveblog of
Tuesday, February 1, 2022
Finance minister orders review of companies’ market power over price hikes
Finance Minister Avigdor Liberman appeals to a joint committee of his ministry and the Economy Ministry to examine the centralization of market power by large companies.
The minister does so in response to multiple companies raising prices of basic products, and the public outrage that has ensued.
Liberman says the moves “raise concerns of the use of excess market power to rake in excess profits.”
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