The government believes that in this way there will be less pressure on the business.
The Cabinet abolished the state regulation of prices for food products. This is stated in the decree of the Cabinet of Ministers No. 394 of June 7. It shall enter into force from 1 July 2017.
The main goal of the resolution – reduced adrendaline on businesses, elimination of excessive state intervention in economic processes, the development of competition.
The Cabinet predicts that this decision 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.
As stated in the resolution, the cancellation applies to the marginal trade allowances to the wholesale price of the manufacturer of flour, bread, pasta, cereals, sugar, beef, pork and poultry meat, boiled sausages, milk, cheese, sour cream, butter, sunflower oil, chicken eggs no more than 15%. This also applies to marginal levels of profitability and trade allowances for baby food, limiting the size of fees for services provided in the shopping centers, markets for the sale of food and nonfood items, limit levels of prices, standards of profitability (in an amount not above 20%) for the lease of commercial premises (areas) of commercial, technological and/or refrigeration equipment in trade objects, markets selling food and non-food items.
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