Prices will be set according to methodology approved by Government

The central public authorities that regulate and control the prices and tariffs are to examine the situation in the area within two weeks and formulate proposals to unify the normative framework, Info-Prim Neo reports, quoting a communiqué from the Ministry of Economy. Afterward, the proposals will be submitted to the parliamentary commission on economy, budget and finance for immediate examination. The methodology of setting the prices of products and services will be later tabled to the Government for approval. The sector tariffs will be calculated and approved on the basis of this methodology. The procedure was discussed by the joint working group for reviewing the state policy on the prices of goods and services and for working out the policy framework in the given area. “The normative framework for forming prices is non-uniform and it is hard to coordinate it. The prices of some of the products and services are approved by independent regulators, while of others by the Government, ministries and even the market operators themselves. The regulation principles should be unified and adjusted to the requirements of the World Trade Organization and the EU directives,” said Deputy Prime Minister and Minister of Economy Valeriu Lazar. Earlier, the Ministry of Economy carried out a study of the state policy on the prices of goods and services, which identified the main shortcomings in the price regulation and control process.