RMV, law for lower prices for consumers - Companies' profit margin is limited for 102 product groups
The Parliament of North Macedonia has approved several amendments and additions to the Law on Consumer Protection, which aim to limit companies' profit margins for 102 groups of products that are consumed the most.
Also, companies will be forced to publish product prices on their websites.
Arben Halili, former director of the Chamber of Commerce of Northwestern Macedonia, told TV Scan that these changes aim to bring lower prices for consumers.
Such a scheme has also been applied in the Netherlands, Israel, and Croatia and has proven successful.
According to economic expert Romina Radonshiqi, this scheme could also be implemented in Albania, but authorities should keep the market under surveillance to prevent abuses.
The law in North Macedonia will apply to large companies, while small traders are exempt from this obligation.
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