Florin Barbu, the Minister of Agriculture, stated that he agrees not to intervene in the market anymore, emphasizing that previous interventions were justified by an inflation rate of nearly 13% at the end of 2022. He proposes a legislative mechanism that would allow state intervention only when inflation exceeds 5%, similar to how the National Bank of Romania intervenes in the foreign exchange market. Barbu mentioned that capping the commercial markup has contributed to reducing inflation to 5.5% and that he wants this measure to be adopted by law in Parliament, not by government decision. He also requested the Competition Council to monitor market speculation, especially during the holiday season, and to check for any unfair trading practices. The measure to cap the commercial markup, instituted in July 2023, has been extended until March 31, 2026, and aims to protect vulnerable consumers. However, the president of the Competition Council warned that this measure has lost its effectiveness, and the market has adapted, leading to price increases in other categories of products.
Sources
Ministrul Agriculturii va propune un mecanism de protecţie pentru toate produsele agroalimentare atunci când inflaţia depăşeşte 5%
Ministrul Agriculturii: mecanism automat pentru produse atunci când inflația depășește 5%. Așa cum face BNR pe cursul valutar
Florin Barbu propune un mecanism automat de protecție pentru prețurile alimentelor atunci când inflația trece de 5%
Latest News
20:56
Kimberly Guilfoyle rejects the allegations and suggests that her term as ambassador to Greece is nearing its end
20:43
Ministry of Education: 4,615 candidates passed the test for director positions
20:42
Tenaris receives European Commission approval to acquire Artrom in an EUR 86 million transaction that expands its industrial presence in Romania
20:40
Renault warns that it could reduce European car production if the EU does not make its CO2 targets more flexible
20:31
The Albanian police used tear gas and water cannons against students calling for the resignation of Prime Minister Edi Rama.
See more news