Romania gives up plans to expand price capping system to all food goods
<p>Following last week's discussions with the association of modern retailers, who account for over 70% of the domestic trade, the Romanian Ministry of Agriculture decided to give up expanding the price-capping system and instead set up a price monitoring committee.</p>

<p>The ministry's proposal to expand the price markup system from a list of basic food goods as of now to all food goods produced or processed in Romania was severely criticised by all business associations consulted by the authorities.&nbsp;</p>

<p>Primarily, the system would have breached the functioning market principles, and secondly, its implementation would have generated high complexity.</p>

<p>"We have decided that in the next period, we will create a monitoring committee that will include three representatives of the retail area, three representatives of the processors, one representative of the Competition Council, and one from the ministry, and I will coordinate the group," announced minister of agriculture <strong>Florin Barbu</strong>, as reported by <a href="https://www.zf.ro/eveniment/razboinicul-ministru-al-agriculturii-a-dat-inapoi-in-fata-22539588?mc_cid=bd4b019d74&amp;mc_eid=cd1f92f96c" rel="noopener" target="_blank">Ziarul Financiar</a>.</p>

<p><em>iulian@romania-insider.com</em></p>

<p><em>(Photo source: Inquam Photos/George Calin)</em></p>