Economy Minister to use mechanisms in place to prevent price hikes if necessary

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If necessary, we will use mechanisms in place to prevent price hikes, said Economy Minister Kreshnik Bekteshi on Tuesday regarding yesterday’s warning by the food processing industry that prices are set to increase sharply.

“We are closely monitoring the situation regarding the global supply chain, especially of food products. We have done this over the course of the pandemic. There are mechanisms in place, such as the provisions in the Law on Trade, according to which prices of basic products can be frozen, be it food products or raw materials that are imported or sold in wholesale and retail,” Minister Bekteshi told reporters.

We are working, he added, on increasing salaries in the private and public sector, primarily of the minimum wage, which would then lead to rise in salaries in other sectors.

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