Price hikes across board

According to sources within the bread industry, a loaf of bread in Belgrade will cost RSD 33 (about EUR 0.42) from today.

Izvor: B92

Friday, 16.11.2007.

09:18

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According to sources within the bread industry, a loaf of bread in Belgrade will cost RSD 33 (about EUR 0.42) from today. The Belgrade Baking Industry (BPI) announced that from today a loaf of white bread would cost RSD 33, while the Union of Private Bakers said that the price in privately-owned businesses would vary between RSD 28 and 35 (EUR 0.36-0.45). Price hikes across board Meanwhile, Elektroprivreda Srbije’s (the Serbian Electricity Company) board of directors have adopted a decision to increase electricity prices by 5.8 percent for all consumers, while oil producers have also announced price hikes. Experts feel that a better system of competition protection, via an amendment to the Law on Competition Protection, would serve to stabilize prices in Serbia. Economist Stojan Stamenkovic told B92’s Poligraf program that it was not enough to just have a Working Group to assess the formation of the prices of basic everyday groceries, but that it was necessary to the amend the aforesaid law. “What are they going to do? Say ’No, no, no’ as they told the bakers union, and, now, what do you know, the price of bread is about to go up again? I think the government would be better off making a proposal for supplements or amendments to the Law on Competition Protection, as that law isn’t as good as it should be to protect competition,“ Stamenkovic said. “The commission should be in a position to protect and assure competition by relying on the amended law and on the support of the government and parliament,“ he added. The government Working Group is made up of representatives from the agriculture and finance ministries, the deputy prime minister’s cabinet and the Statistical Office. Members of the group can, according to its president and Deputy Trade Minister Dragan Penezic, directly influence certain legal rulings pertaining to pricing.

Price hikes across board

Meanwhile, Elektroprivreda Srbije’s (the Serbian Electricity Company) board of directors have adopted a decision to increase electricity prices by 5.8 percent for all consumers, while oil producers have also announced price hikes.

Experts feel that a better system of competition protection, via an amendment to the Law on Competition Protection, would serve to stabilize prices in Serbia.

Economist Stojan Stamenković told B92’s Poligraf program that it was not enough to just have a Working Group to assess the formation of the prices of basic everyday groceries, but that it was necessary to the amend the aforesaid law.

“What are they going to do? Say ’No, no, no’ as they told the bakers union, and, now, what do you know, the price of bread is about to go up again? I think the government would be better off making a proposal for supplements or amendments to the Law on Competition Protection, as that law isn’t as good as it should be to protect competition,“ Stamenković said.

“The commission should be in a position to protect and assure competition by relying on the amended law and on the support of the government and parliament,“ he added.

The government Working Group is made up of representatives from the agriculture and finance ministries, the deputy prime minister’s cabinet and the Statistical Office. Members of the group can, according to its president and Deputy Trade Minister Dragan Penezić, directly influence certain legal rulings pertaining to pricing.

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