In Ukraine, State regulation on food prices temporary canceled

03.10.2016 14:16 "Agro Perspectiva" (Kyiv) — As of this year Oct 1, a Governmental pilot project on canceling price regulation on Ukrainian domestic market consumer goods for three months entered in force, Ukrinform reports. As to the report, this project was launched by the Government resolution as of this year Sept, No. 656  «On implementing of a pilot project on temporary restrictions of Government resolution as of Dec 25, 1996, No.1548, and Government resolution as of Oct 17, 2007, No.1222». «The Government has implemented a pilot project on price regulation on goods and services in the production and sale of foodstuffs. The pilot project envisages the abolition of price regulation on food products for three months, during which thorough monitoring of prices will be conducted. On its basis, a decision will be taken about future price regulation on foodstuffs,» the resolution reads. As to the report, the resolution is aimed at lowering of the administrative pressure on business, eliminating excessive state interference in economic processes, developing competition and de-bureaucratization (deregulation) in the pricing sphere.

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