Wednesday, March 31, 2010

Fair Market Prices vs Stable Prices

The Ukrainian Prime Minister Azarov seems to confuse things - 'fair' market prices do not mean 'stable' prices...

KYIV, March 31 /UKRINFORM/. While opening the Cabinet of Ministers' meeting on Wednesday, Ukrainian Prime Minister Mykola Azarov said that the government's economic block had not taken enough measures to guarantee price stabilization in the market.

"I draw the attention of Kliuev and Tihipko to insufficiency of the measures they are taking," the Prime Minister emphasized adding that price stability is the main condition for positive changes in the economic and social areas.

At the same time, he called on businessmen for setting fair market prices, because price rise in one industry entails rises in others.


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