The government is assured that they want to increase the level of competition in the market.

The Cabinet of Ministers of Ukraine abolished the state regulation of food prices from July 1. This is stated in Resolution No. 394 of June 7, the "Ukrainian News".

The main objective of these changes, the government notes, is the reduction of administrative pressure on business, the elimination of excessive state interference in economic processes, the development of competition and de-bureaucratization (deregulation) in pricing.

It is expected that this decision will simplify the procedure for price changes depending on the price fluctuations of the market, which will allow producers to respond more quickly to changes in the market situation.

By this resolution, the Cabinet of Ministers canceled the obligation for food producers to submit to the State Food Security Service the justification for the need to change the wholesale prices for their products.

Also, the procedure for the formation of prices for food products, which was approved in 2008, was abolished.

The effect of the resolution extends to the marginal trade markups to the manufacturer's wholesale price for:.

Also, the decree concerns the marginal levels of profitability and trade allowances for baby food, the marginal fees for services provided in retail outlets, in the markets for the sale of food and non-food products, price ceilings, profitability standards (not exceeding 20%) for providing In the lease of commercial premises (areas), trade and technological and / or refrigeration equipment in retail outlets, in markets for the sale of food and non-food products.

As reported, in October-December 2016, the government, as an experiment, abolished the norms for setting the maximum trade margin of 15-20% for 17 groups of goods, in particular for cereals, meat, milk, flour, sausages, eggs, cheese, sour cream, butter With a view to deciding on the operation of such regulation in the future in general.