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On October 1, the government suspend the regulation of food prices. Cabinet approved a pilot project on temporary abolition of price regulation on food.

This is reported by experts intensive care reform package (RPR).

According to the first vice-prime 'Minister of Economic Development and Trade Stephen cubes draft resolution was drafted to the practical study of effectiveness of price regulation that is regulated by government decree of 1996 number 1548 and the subsequent decision on feasibility of such regulation. Within 3 months of price trends will be studied, and the results of the monitoring will be decided on the cancellation, restriction or renovation of such regulation.

According to experts RPR, previous studies show that administrative price regulation is not effective. And food prices artificially regulated, growing on average 20% faster than the prices for the remaining products.

In addition, the complexity of bureaucratic procedures creates enormous risks of corruption and pressure on business. This is confirmed by numerous appeals industry associations and business associations.

Earlier, the RPR experts urged the government to approve a pilot project on state regulation of prices. The public believes that the government introduced monitoring proves the need for the complete abolition of price controls on food and in early 2017, this tool Soviet planned economy goes into the past.

Especially in the last two or three years, the government does not actually control the prices.

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26-09-2016, 20:17

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