Spectator on facebook

Spectator on facebook

Retail chains are hurting the state: Fico

Prime Minister Robert Fico has pointed to retail chains as a new enemy, the Sme daily reported on October 15.

Fico said he is dissatisfied with the growing prices of basic foodstuffs and blamed the situation on retail chains, which he said are abusing their economic power.

He also accused them of artificial price increases that endanger Slovakia’s plan to introduce the euro in January 2009. The growth of prices can increase inflation above the set limit, he explained.

For that reason, Fico said he wants tougher control over supermarkets, and he wants to achieve this by changing the law on retail chains.

An analyst with the INEKO economic think-tank, Eugen Jurzyca, said that Fico does not have the power to decrease prices of basic foodstuffs and he knows it. Jurzyca says higher prices have nothing to do with retail chains, which instead have been working to decrease the prices.

The analyst said Fico's latest statements are typical populism, as most people still think that prices are created in outlets.


Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

Top stories

Some Slovak media witnessed “the Trump effect”

Council of Europe’s Commissioner for Human Rights Nils Muižnieks talks about the atmosphere in society following the double murder of journalist and his fiancée, and steps to be taken.

Nils Muižnieks

Blog: Should foreigners in Slovakia care about today's crisis?

Collectively, we are responsible for the future of our children, whether you are Slovak, Italian, German or, in my case, Dutch.

Bratislava "For Decent Slovakia" gathering on March 16, 2018.

Media are the ultimate frontiers in defending freedom in society today

Miklós Haraszti’s keynote speech at the Budapest award ceremony of the European Press Prize, March 14, 2018.

Film festival accommodates foreigners in Slovakia Photo

Febiofest, the International Festival of Film Clubs (MFFK) is offering most films with English subtitles (labelled AT) this year, as well as making master-classes, discussions and other accompanying events…

J. Švankmajer: The Insect