Minister: No price hikes in 2013
Serbian Trade Minister Rasim Ljajić has stated that he does not expect any significant price hikes in 2013.
Wednesday, 02.01.2013.
11:15
BELGRADE Serbian Trade Minister Rasim Ljajic has stated that he does not expect any significant price hikes in 2013. “We have no announcements from retail chains at the moment that there could be any drastic price hikes,” he told Beta news agency. Minister: No price hikes in 2013 The minister added that he believed that the increase in prices would not be a good business move for retail chains in the situation when citizens’ purchasing power had declined. According to him, the state does not regulate prices and its job is to create an atmosphere, improve competition and continue to liberalize the market “because those are the most efficient mechanisms for prevention of market distortions”. Ljajic reiterated that customs duty for certain industrial products and foodstuffs had been reduced on January 1 in accordance with the Stabilization and Association Agreement (SAA) and added that this could cause prices for certain products to drop. He noted that there was a large number of products on which customs duty would be abolished but that customs duty would remain for a certain number of products after 2014 until Serbia joined the EU in order to protect some foodstuffs. The minister said that reduction and abolition of customs duties should affect the prices because the offer and competition would be improved. “It can be expected that we will have more products at reasonable prices in the market,” Ljajic explained. Rasim Ljajic (Tanjug, file) Beta
Minister: No price hikes in 2013
The minister added that he believed that the increase in prices would not be a good business move for retail chains in the situation when citizens’ purchasing power had declined.According to him, the state does not regulate prices and its job is to create an atmosphere, improve competition and continue to liberalize the market “because those are the most efficient mechanisms for prevention of market distortions”.
Ljajić reiterated that customs duty for certain industrial products and foodstuffs had been reduced on January 1 in accordance with the Stabilization and Association Agreement (SAA) and added that this could cause prices for certain products to drop.
He noted that there was a large number of products on which customs duty would be abolished but that customs duty would remain for a certain number of products after 2014 until Serbia joined the EU in order to protect some foodstuffs.
The minister said that reduction and abolition of customs duties should affect the prices because the offer and competition would be improved.
“It can be expected that we will have more products at reasonable prices in the market,” Ljajić explained.
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