How should price abuses be controlled? - Expert Musta: Mechanism for measuring profit margins for companies
While the first effects of the conflict in the Middle East have begun to be felt in Albania, reflected in the increase in fuel prices, experts also predict changes in the prices of other products, including food.
In an interview with SCAN TV, economic expert Eugen Musta emphasizes that price increases are often speculative and therefore recommends taking measures aimed at protecting consumers from abuses.
"Expected increase in oil, energy and food prices. An increase in oil prices has begun, which is still moderate, but it remains to be seen whether the situation will last. After that, it will be related to how this news will be interpreted. Sometimes in our country, the effect that is felt in the price increase is speculative. In times of crisis, world practice allows the state to intervene by measuring the profit margin of companies, through the Competition Authority and other forms of control."
But is it difficult for state authorities to measure profit margins for companies and mainly importers?
"Measuring profit margins comes with an administrative cost but it is not impossible. Transparency boards are an extreme solution, as there are authorities that can exercise this function."
During 2022, due to the Russia-Ukraine conflict, which was followed by a very high price increase in Albania, the government established the Transparency Board for Monitoring Food Prices and the Fuel Board. But months later, the Constitutional Court abolished the Food Board, deeming it incompatible with the Constitution.
Albania relaunches Aviation School - Only 10 cadets will undergo an 18-month curriculum to be certified as pilots
The procedures for recruiting students for the Vlora Aviation School have begun. The school will be re-opened after 19 years thanks to the collaboration......
Is Generation Z writing the rules of work? - Hasalla: Younger generations are changing expectations towards Albanian companies
Gen Z and millennials are increasingly placing more importance on the purpose and meaning their work gives them. For many, a job is not just about the......
The price of diesel increases by over 7 lek! - From 182 lek/liter to 189 lek/liter. Market under observation by the Competition Authority
The conflict in the Middle East is rapidly affecting the Albanian market. This Friday, the price of oil has increased again. In most gas stations it is sold......
The Chief Administrator of AAPSK at the first meeting of the Steering Committee of the project “EU4LawEnforcement in Albania”
The Chief Administrator of the Agency for the Administration of Sequestered and Confiscated Assets (AAPSK), Risena Xhaja, participated today in the first......
Salaries, how much tax will Albanians pay in 2025? - Record level, 529 million euros additional to the budget in 10 years
Albanian citizens have paid 825 million euros in taxes on salaries and income generated from long-term rentals and those through the "Booking" and "AirBnB"......
Support for women's entrepreneurship - Minister Ibrahimaj: 5% bonus on grants for women's startups
The Minister of Economy and Innovation, Delina Ibrahimaj, announces that the 2026 grant call for startups provides for a 5% bonus on the evaluation points......
Albania climbs in global economic freedom rankings/ The country leads the region and several important economies in Europe
Albania is ranked 46th in the world in terms of the index of economic freedom published by the Heritage Foundation. According to this report, our country has......
Ministers take oath before the President - 7 new members of the government cabinet officially start work
After receiving a vote of confidence from the Parliament the day before, the seven new cabinet ministers were sworn in on Friday before the President of the......
