The announcement of the government that it will set up ’price commandos’ to make shopkeepers observe the reduction of V.A.T. in their prices has surprised the market. Some economists find the plan anti-constitutional as in this way the state directly interferes in market economy, regulating market prices. The aim of the government is to prevent merchants from making extraprofit from the planned reduction of V.A.T. It remains to be seen how one could check more than 160 000 Hungarian shops and how it will be decided that a price rise is necessary or not in the case of a product. György Vámos, secretary general of the National Association of Commerce has expressed his doubts concerning the plan saying that the best price commando is the consumer and the market and the government should check the Chinese markets instead. György Vadász, vice chairman of the Budapest Chamber of Commerce and Industry has called the plan a bluff. He claims it is not acceptable that the government threatens the market, endangering legal security, too.
Translated by Péter Szentmihályi Szabó
origo.hu
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