By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Sarajevo TimesSarajevo TimesSarajevo Times
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Search
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Reading: What do the Amendments to the Law on Price Control bring?
Share
Font ResizerAa
Sarajevo TimesSarajevo Times
Font ResizerAa
  • HOME
  • POLITICS
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
  • SPORT
  • ARTS
  • W&N
Search
  • HOME
  • POLITICS
    • BH & EU
  • BUSINESS
  • BH TOURISM
  • INTERVIEWS
    • BH & EU
    • BUSINESS
    • ARTS
  • SPORT
  • ARTS
    • CULTURE
    • ENTERTAINMENT
  • W&N
Follow US
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
© 2012 Sarajevo Times. All rights reserved.
Sarajevo Times > Blog > BUSINESS > What do the Amendments to the Law on Price Control bring?
BUSINESS

What do the Amendments to the Law on Price Control bring?

Published: May 20, 2024
Share
SHARE

The House of Peoples of the Parliament of the Federation of Bosnia and Herzegovina adopted amendments to the Law on Price Control. The goal is to mitigate the negative consequences of price increases, when the need arises, and an increase in fines for all violators is foreseen, for which, for example, the maximum possible will be 30,000 marks instead of the current 10,000.

The prices are not the same in any store, sometimes because of the location, and sometimes they go “wild”, especially during times of emergency. Citizens also complain that price increases are visible at every step.

The House of Peoples has approved the entry into force of higher fines for violators of the Law on Price Control, which will be implemented only in the case of emergency situations and exceptional market disturbances. In these circumstances, the legal entity will pay a minimum fine of 6,000 BAM instead of the current 1,000 BAM, and the maximum possible fine is 30,000 BAM. So far, small fines for traders have even been an incentive.

“Most traders and all other traffic participants very wisely weigh the amount of the penalty and the risk they have in order to achieve a certain benefit. Very often they consciously decide to break the law in order to make a profit, counting on a smaller number of inspectors, so that any fraud can be controlled. ..,” points out the president of the TK Consumers’ Association Gordana Bulić.

What does the field inspection do, who does it punish? Until the conclusion of the attachment, we have not received the data, and a detailed analysis of the penal policy on the issue of control was previously requested by the Committee for Economic and Financial Policy of the Federal Parliament, in which they believe that the penalties were introduced flat-rate and without any analysis.

“The main complaint is that attention was not paid to the essence, it is not the punishment and the amount of the penalty, it is the capacitation of inspections, indiscriminate work and what is most important – an inclusive approach so that traders avoid fraud and enable a fair and honest price according to market conditions” , says Admir Čavalić, president of the Committee for Economic and Financial Policy of the ZD PFBiH.

In associations for consumer protection, the “Price Locking” project, which produces results and includes 60 products, is much more significant.

“The range of savings, under the condition that all those products are bought, was between 35 and 40 BAM for the total number. So there were savings,” says Assistant Minister of Trade FBiH Merima Maslo.

Today, not even two average salaries can cover the trade union consumer basket, which amounts to almost three thousand marks. When asked how they live, citizens don’t even know. They give up everything and live practically only for essential needs, which is ultimately not good for any society, BHRT writes.

Standard and Poor’s affirmed Credit Rating of Bosnia-Herzegovina
German Giant is investing in Bosanska Krupa!
Success: Domestic Voćar Promet started working at full Capacity
Government of Federation of BiH allocates 22 Million BAM for Railways
One of the best Ambassadors of BiH Cuisine in Germany
Share This Article
Facebook Whatsapp Whatsapp Telegram Threads Bluesky Email Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Less Citizens in Bosnia and Herzegovina, but more and more Voters?
Next Article It is known what will happen in Iran after the Death of the President
Leave a Comment Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Stay Connected

10.2KFollowersLike
10.1KFollowersFollow
414FollowersFollow

Latest News

Director of the Banking Agency of RS: Events Involving ALTA Bank in Serbia Have No Impact on RS
November 9, 2026
Dodik in the Company of the AfD, Shares a Photo with a Politician Whose Statements the EU Labeled Racist
November 9, 2026
A Good Lie Is Remembered for Years: A Story about an Unusual Competition in BiH
November 9, 2026
Record-breaking October at Sarajevo International Airport
November 8, 2026
FMoI Launches Campaign ‘Combating Domestic Violence and Violence Against Women’
November 8, 2026
Dodik Conditions Participation in State-Level Government: Annulment of HR and Reform of the BiH Constitutional Court
November 8, 2026
New Price Increases as of January, Winter Could Further Drive Up Prices?
November 8, 2026
Dodik Attacks the Constitutional Court Once Again: Is He Using Maximalist Demands to Mask His True Goals?
November 8, 2026
Former US Diplomat Thomas Countryman: We Shouldn’t Expect Significant Changes in the Approach towards BiH  
November 8, 2026
BiH imports 80,000 Cars this Year
November 8, 2026
Sarajevo TimesSarajevo Times
Follow US
© 2012 Sarajevo Times. All Rights Reserved.
  • ABOUT US
  • IMPRESSUM
  • NEWSLETTER
  • CONTACT
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?