Ukraine abolished state regulation of prices for products

The cost of food now regulates only the market.

Entered into force the decree of the Cabinet of Ministers on the abolition of state price regulation for certain goods and services.

Action regulation applies to:

– maximum retail mark-UPS 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%;

– limit levels of profitability and mark-UPS for baby food, limiting the size of fees for services provided in the shopping centers, markets for the sale of food and nonfood products;
the ultimate price levels, 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.

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 area of pricing.

It is noted that the decision of the government will also 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. In particular, the Cabinet has lifted the obligation for food producers to apply to the state foods and consumer service rationale for changes in wholesale prices for their products.

In addition, cancelled the order of formation of prices for food products (from 2008).

© 2017, paradox. All rights reserved.