Skip to Content

Tuesday, September 21st, 2021

Government meeting hears reports on measures to prevent unreasonable growth of prices for socially important goods

by December 12, 2016 General

The Government of Kazakhstan reviewed at the Prime Minister chaired meeting the measures aimed at stabilizing the prices for socially important food products.

Minister of National Economy Kuandyk Bishimbayev proposed to enshrine in law the amount of maximum trade margins in retail and wholesale trading of socially important food products, approach them individually, depending on the category of commercial facility.

Recommended prices are expected to be monthly calculated on the basis of maximum trade margins and will be published openly. This innovation will ensure clear pricing for both sellers and consumers.

The availability of information on recommended prices will allow involving the general public to monitor and detect the inconsistencies of the actual retail prices and recommended prices, thereby dramatically increasing the efficiency of regulating prices for socially important food products.

The local executive bodies are proposed to be authorized to monitor the access of goods to retail chains and shopping facilities, and to notify the antimonopoly authorities on the signs of restricted access.

Source: Government of the Republic of Kazakhstan