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14 May 2021, 17:54

Further adjustment of price controls in Belarus under consideration

Roman Golovchenko
Roman Golovchenko

BARANOVICHI DISTRICT, 14 May (BelTA) – The government is considering the possibility of extending or terminating strict price regulation. Prime Minister of Belarus Roman Golovchenko made the relevant statement during a working trip to Brest Oblast on 14 May, BelTA has learned.

The official said: “The output of all kinds of meat products – beef, pork, and poultry – is on the rise in Belarus. There is no shortage in retail.” In his words, private and state-run enterprises have considerable reserves of meat products to satisfy the domestic demand. “And more is exported only after the domestic demand is satisfied,” the head of government added.

Roman Golovchenko continued: “The world food market is going through a surge right now. Prices for virtually all kinds of products – cereals, oil, and meat – are on the rise. But we recognize the government's responsibility to the people and take all kinds of measures to prevent these inflationary shocks from fully affecting the population. Strict price regulations have demonstrated their usefulness. We are now considering whether we should continue or terminate the practice.”

BelTA reported earlier that on 23 February 2021 the government passed a resolution to introduce strict measures to regulate prices for staple products. As from 1 March monthly adjustments of prices for these goods cannot exceed 0.2% of the prices for these goods, which were recorded on the last day of the previous month.

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