The abolition of state regulation of prices for products in force

The main purpose of these changes is to reduce administrative pressure on business

Entered into force the decree of the Cabinet of Ministers of Ukraine on the abolition of state regulation of prices for food products.

This is stated in the decree of the Cabinet of Ministers No. 394 of June 7, 2017, the text of which is posted on the Government portal.

“The main purpose of these changes is to reduce the administrative burden on businesses, elimination of excessive state intervention in economic processes, the development of competition and debureaucratization (deregulation) in the areas of pricing,” — said in the explanatory note to the decree of the government.

Such a solution will simplify the procedure of changing the prices depending on the price movement of the market that will enable manufacturers to respond faster to market shifts.

So, we are talking about 15 product groups being the norm on the possibility of establishing trade allowance not higher than 15%. This, in particular, flour, bread, pasta, cereals, sugar, beef, pork and poultry meat, boiled sausages, milk, cheese, sour cream, butter, sunflower oil, chicken eggs.

Also we are talking about 13 groups of goods, being Declaration of change of wholesale prices. This, in particular, wheat flour premium, first and second grades, peeled rye flour, buckwheat groats, beef, pork, poultry meat (carcass), meat products cooked, except flour, cow’s drinking milk (pasteurized, packaged in foil), cottage cheese fat content to 9%, sour cream with fat content up to 20%, butter with fat content of 72,5%, eggs chicken, granulated sugar, sunflower oil).

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