Govt resolution #100 on price control over essential goods to be cancelled - MART
<p> MINSK, Apr 8 - PrimePress. Government resolution #100 “On temporary measures to stabilize prices of socially important essential goods” of February 23, 2021 will be cancelled. If follows from a statement made by Andrei Kartun, vice chief of the Ministry of Antimonopoly Regulation and Trade of Belarus (MART). </p> <p> </p> <p> As previously reported, in accordance with resolution #100, from March 1, 2021, the prices of essential socially important goods shall be set by manufacturers, importers, organizations engaged in wholesale and (or) retail trade as follows: monthly price changes cannot exceed 0.2% the level as of the last day of the previous month, or to the price of goods of the same variety and packaging, if on the last day of the previous month the goods were not sold. </p> <p> </p> <p> BelTA reports citing Kartun as saying: “The government is now considering cancelling this Council of Ministers resolution and making the transition to more liberal measures. A session of the state pricing regulation commission under the Council of Ministers took place several days ago. This matter was discussed then. I think in the near future we will say when exactly this resolution will be cancelled. We will look for more relaxed mechanisms.” </p> <p> </p> <p> “The growth of world prices for food is getting close to 25% year-on-year. We expected a much lower growth at the beginning of the year. Such growth rate has not been seen since 2014. Besides, there are restrictions on foreign trade shipments amid the pandemic. It has had a very strong effect on prices in Belarus. This is why we have to respond. But it important for us to accomplish another task: ensure the availability of essential goods in stores, particularly imports. For instance, we've decided to allow prices for sunflower oil to grow by 15% at most in order to preserve its availability. We have no problems with sunflower oil reserves at present,” the official said. </p> <p> </p> <p> In his opinion, the move to cancel the resolution will not entail a certain increase in prices. “According to our estimates, there will be no substantial growth. We will closely monitor the retail industry to prevent abuses. We will either take pinpoint measures or there will be a transitional stage: we will replace strict price controls with more liberal ones, for instance, those affecting trade markups,” said Kartun. End </p> <p> </p>
2021-04-24
Primepress
Govt resolution #100 on price control over essential goods to be cancelled - MART
MINSK, Apr 8 - PrimePress. Government resolution #100 “On temporary measures to stabilize prices of socially important essential goods” of February 23, 2021 will be cancelled. If follows from a statement made by Andrei Kartun, vice chief of the Ministry of Antimonopoly Regulation and Trade of Belarus (MART).
As previously reported, in accordance with resolution #100, from March 1, 2021, the prices of essential socially important goods shall be set by manufacturers, importers, organizations engaged in wholesale and (or) retail trade as follows: monthly price changes cannot exceed 0.2% the level as of the last day of the previous month, or to the price of goods of the same variety and packaging, if on the last day of the previous month the goods were not sold.
BelTA reports citing Kartun as saying: “The government is now considering cancelling this Council of Ministers resolution and making the transition to more liberal measures. A session of the state pricing regulation commission under the Council of Ministers took place several days ago. This matter was discussed then. I think in the near future we will say when exactly this resolution will be cancelled. We will look for more relaxed mechanisms.”
“The growth of world prices for food is getting close to 25% year-on-year. We expected a much lower growth at the beginning of the year. Such growth rate has not been seen since 2014. Besides, there are restrictions on foreign trade shipments amid the pandemic. It has had a very strong effect on prices in Belarus. This is why we have to respond. But it important for us to accomplish another task: ensure the availability of essential goods in stores, particularly imports. For instance, we've decided to allow prices for sunflower oil to grow by 15% at most in order to preserve its availability. We have no problems with sunflower oil reserves at present,” the official said.
In his opinion, the move to cancel the resolution will not entail a certain increase in prices. “According to our estimates, there will be no substantial growth. We will closely monitor the retail industry to prevent abuses. We will either take pinpoint measures or there will be a transitional stage: we will replace strict price controls with more liberal ones, for instance, those affecting trade markups,” said Kartun. End