Belarus to sustain control over pricing - Lukashenko
<p> MINSK, 11 Feb - PrimePress. Control over pricing in Belarus will remain one of the priorities, Belarusian president Alexander Lukashenko said in an address to the VI All-Belarusian People's Congress on 11 February. </p> <p> </p> <p> He noted that pricing is controlled by the State Control Committee (SCC), the Ministry of Antimonopoly Regulation and Trade (MART), members of the National Assembly and trade unions. </p> <p> </p> <p> Belarus reported 7.4% inflation in 2020, with the official forecast of no more than 5%. Belarus’ monetary and credit policy guidelines for 2021 are designed to keep inflation under 5%. MART regulates prices for goods included in the list of socially important goods. Also, maximum marginal trade mark-ups, including wholesale mark-ups, were set in Belarus for socially important goods in the amount of 15-30% depending on the item. In addition, a 10% ceiling has been set on the profit margin of producers of socially important goods. End </p> <p> </p>
2021-02-12
Primepress
Belarus to sustain control over pricing - Lukashenko
MINSK, 11 Feb - PrimePress. Control over pricing in Belarus will remain one of the priorities, Belarusian president Alexander Lukashenko said in an address to the VI All-Belarusian People's Congress on 11 February.
He noted that pricing is controlled by the State Control Committee (SCC), the Ministry of Antimonopoly Regulation and Trade (MART), members of the National Assembly and trade unions.
Belarus reported 7.4% inflation in 2020, with the official forecast of no more than 5%. Belarus’ monetary and credit policy guidelines for 2021 are designed to keep inflation under 5%. MART regulates prices for goods included in the list of socially important goods. Also, maximum marginal trade mark-ups, including wholesale mark-ups, were set in Belarus for socially important goods in the amount of 15-30% depending on the item. In addition, a 10% ceiling has been set on the profit margin of producers of socially important goods. End