Government limits margins for over 500 products

Podgorica, (MINA-BUSINESS) – According to Prime Minister Milojko Spajic, the Government will limit the margins for over 500 products to reduce their prices and, consequently, the inflationary pressure on citizens.

He stated that inflation in Montenegro was entirely imported, which was why the Government had decided to limit the margins for over 500 products, which was three times more than what had been done previously.

“This means that we are not stopping the rise in prices of these products but rather reducing their prices. For the first time since Montenegro faced inflation, we are talking about reducing the prices of products, which will significantly alleviate the inflationary pressure on citizens,” Spajic said at a press conference after the Cabinet meeting.

He noted that the business sector had shown understanding for such a measure.

Spajic said that the decision allowed small retail chains, up to 600 square meters in total, not to implement this measure because they were under pressure, and such a measure could disqualify them from the market.

He said that these measures would help improve the standard of living, adding that the Europe Now 2 would be the next step raising the standard of living.