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The House of Peoples of the Federation of Bosnia and Herzegovina has adopted amendments to the Law on Price Control. The goal is to mitigate the negative impact of price increases, if necessary, and fines for all violators are expected to increase, for example, the maximum fine will be raised from the current DM 10,000 to DM 30,000.
Prices are rising like crazy, and they keep rising
Prices vary from store to store, sometimes depending on location, and sometimes they can get “crazy,” especially during special events. Citizens also complained that price increases were visible at every step.
The Lok Sabha has approved higher fines for violators of the Price Management Act, which will be imposed only in special circumstances and in cases of unusual market disruption. In such cases, legal entities will pay a minimum fine of 6,000 km instead of the current 1,000 km, with a maximum possible fine of 30,000 km. Until now, small fines for traders have even served as an incentive.
“Most traders and all other traffic participants very wisely weigh the amount of the fine and the risk they face to achieve a certain benefit. They often consciously decide to break the law in order to make a profit, relying on smaller numbers,” noted Gordana Bulić, president of the TK Consumers Association.
What do on-site inspections do and who is punished? Until the end of the annex, we have not received data. The Economic and Financial Policy Committee of the Federal Parliament previously requested a detailed analysis of the penalty policy on control issues. They believed that the penalties were introduced at a fixed rate without any analysis.
What does an on-site inspection do and who is punished?
“The main complaint is the lack of focus on the essence, not the penalties and the amount of fines, but on the inspection capacity, indiscriminate work and, most importantly – an inclusive approach that allows traders to avoid fraud and achieve fair and honest prices according to market conditions”, said Admir Čavalić, Chairman of the Economic and Financial Policy Committee of the ZD PFBiH.
The Consumer Protection Association considers the “price lock” project, which is producing results and includes 60 products, to be more important.
“If all these products were purchased, the total mileage saved would be between 35 and 40 kilometers. So the cost savings are there,” said Merima Maslo, assistant minister of trade in the Federation of Bosnia and Herzegovina.
Today, even two average salaries cannot cover the union’s consumer basket of nearly three thousand marks. When asked how they live, citizens don’t even know. They give up everything and practically live only for basic needs, which is ultimately not good for any society.
Daily News
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