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

“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.

Related Post

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.

Share

Recent Posts

  • Foreign affairs

“No need to mince words”: an assessment of what Trump’s victory means for Lithuania

"We can shout very loudly, but it won't change the position of the American people,"…

2 days ago
  • Latest

Lies, disrespect and mockery: experts assess Blinkevičiūtė’s “gift” to voters without scruples

From mocking messages flooding social networks to harsh criticism from political experts, the decision of…

1 week ago
  • Foreign affairs

Another year in the sovereign history of Kazakhstan

Republic Day has been celebrated in Kazakhstan as the main national date since 2022, giving…

2 weeks ago
  • Defence

In the assessment of NATO’s readiness for war with Russia, there is also a warning about the Baltic states: what is the Kremlin’s wild card?

According to Lrytas.lt, the North Atlantic Treaty Organisation (NATO) faces a new geopolitical reality with…

2 weeks ago
  • Tribune

The Citus projects: The Kaip Niujorke by CITUS project continues – the spirit of New York unfolds in Vilnius, and the second phase is launching

In September, Citus – a creative real estate projects’ development and placemaking company – began…

2 weeks ago
  • Latest

These parties will enter the Seimas for the third time in a row. How many votes did they lose, and how many did they gain?

As various parties emerge, disappear or reorganize themselves in the political space, the Lithuanian Social…

3 weeks ago