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NBU official urges government for stricter price controls over food prices
Journal Staff Report

KYIV, Feb 12 Head of the Council of the National Bank of Ukraine (NBU) Bohdan Danylyshyn points out for the need for the review by the Ukrainian government of its price-setting policy for foods in order reduce inflationary pressure.

"It is advisable to introduce a reduced value-added tax (VAT) rate on food products along with the introduction of limits on trade margins, as is the case in European countries: the ceiling markup on foodstuffs should not exceed 15% of the producer's price, it should not be higher than 30% for domestic products and 30% of the price indicated at the customs for imported goods," he wrote on Facebook.




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