A parliamentary commission will be constituted to examine the decision-making process concerning control over inflation and the monetary policy over the past 18 months. Another parliamentary commission will be created to examine the implementation of regulations in the sector of liquid fuels. Such recommendations were formulated by the Supreme Security Council that discussed the economic and social effects of the rise in prices and the risks to which the national economy is exposed in its Friday meeting, IPN reports.

President Maia Sandu told a news conference that the meeting centered on the high inflation. “A number of public institutions presented reports and analyzes and relevant decisions were taken. I asked for clarification in the sectors where there are signals that they didn’t intervene on time or where monopolies continue to exist and to dominate,” stated the official.

The Council recommended the Ministry of Economy, together with other responsible institutions, to analyze and remove the restrictions and impediments faced by small producers on local and improvised markets. The Government was recommended to eliminate the inefficient chains of intermediaries that do nothing but monopolize the distribution channels and unjustifiably increase prices.

The Ministry of Infrastructure and Regional Development is to develop policies to ensure the optimization of operating costs of energy market operators and to ensure shareholder transparency and transparency in reporting by companies operating in the energy sector.

The Ministry of Labor and Social Protection is to work out a targeted subsidization mechanism for fighting the rise in prices and, respectively, other forms of social assistance.

The Ministry of Economy was recommended to develop a centralized program of assistance for developing the small and medium-sized enterprises so as to increase transparency and the visibility of financing opportunities.

“We will continue the discussions on these subjects next week. Respectively, the Supreme Security Council next week will have a new meeting in which we will discuss food security. The authorities will continue to take the necessary measures to protect the citizens from the shock of crises experienced by our country and to foster the development of the economy,” said Maia Sandu.