Finance Minister Šadžius: Free market will regulate post-euro prices

Rimantas Šadžius
DELFI / Tomas Vinickas

“No one is going to regulate prices or halt price rise in one way or another, as the biggest watchdog of prices and maybe the strictest one, the most ruthless punisher of dishonest businesses, are we, the consumers. We may choose where to buy and where not to buy,” said the minister of finance in an interview with the Žinių Radijas radio on Thursday.

Asked about certain monopolistic sectors, where the free market is not fully functioning, Minister Šadžius has assured that the government will do everything to recalculate prices fairly and to prevent them from rising due to the introduction of the euro.

According to the minister, businesses will firstly have to be honest when prices of goods and services at their publication sites will be displayed in both currencies. This obligation will come into effect on 22 August.

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