Mobile version
2019 Minsk European Games
Projects
Services
Government Bodies

Belarus sets up expert council on prices and tariffs

Economy 14.05.2019 | 18:05
NBRB Deputy Chairman of the Board Sergei Kalechits, Minister of Antimonopoly Regulation and Trade Vladimir Koltovich, Chairman of the FTUB Mikhail Orda, Chairwoman of the National Statistics Committee Inna Medvedeva
NBRB Deputy Chairman of the Board Sergei Kalechits, Minister of Antimonopoly Regulation and Trade Vladimir Koltovich, Chairman of the FTUB Mikhail Orda, Chairwoman of the National Statistics Committee Inna Medvedeva

MINSK, 14 May (BelTA) – Belarus has established a council of experts on prices and tariffs. A relevant agreement was signed between the Belarusian Ministry of Antimonopoly Regulation and Trade, the Federation of Trade Unions, the National Bank, and the National Statistics Committee in Minsk on 14 May, BelTA has learned.

The Federation of Trade Unions of Belarus (FTUB) has proposed the idea to set up this council. The council shall monitor the prices in the country, perform in-depth analysis of the data, and provide recommendations for making decisions regarding prices and tariffs. The first session of the council is scheduled for late May.

Chairman of the FTUB Mikhail Orda noted that detailed analysis of prices and efficient work to prevent their unreasonable increases require coordinated activities of all responsible bodies. Belarus President Aleksandr Lukashenko pointed out that prices are of great importance to people and should be monitored by trade unions as he attended a working meeting on 2 May. “After the meeting with the president, the FTUB proposed to set up a council of experts involving four agencies to prevent prices from going up, perform in-depth analysis of the price situation and its changes,” Mikhail Orda said.

Chairman of the FTUB Mikhail Orda
Chairman of the FTUB Mikhail Orda

“Unreasonable price increases affect people's everyday expenses, their life quality and welfare,” Mikhail Orda said. He added that all the agencies which have signed the agreement are committed to keep prices in check.

The council will assemble at least once a month. It will provide free access to information to make its work as transparent as possible.

Two years ago, the FTUB and the Ministry of Antimonopoly Regulation and Trade signed an agreement on cooperation to monitor prices in the consumer market. The National Bank and the National Statistics Committee have joined this process. The members of the council believe this measure will help them coordinate price control activities better.

Print version
More about Economy
Latest news
All news
Weather
Minsk
Baranovichi
Bobruisk
Borisov
Brest
Warsaw
Vilnius
Vitebsk
Gomel
Grodno
Zhlobin
Kiev
Lida
Minsk
Mogilev
Mozyr
Moscow
Orsha
Polotsk
Riga
Saint Petersburg
Soligorsk
Day +21..+23°C Sun and clouds
Night +16..+18°C Mainly clear