The law introduces stricter penalties for economic entities that do not comply with the prescribed measures.
The House of Peoplement of the Federation of Bosnia and Herzegovina was approved by the Draft Law on Price Control Law in the FBiH at the beginning of March at the beginning of March at the beginning of March.
The ACT proposed by the Government of the Federation, defines the manner and conditions of forming goods and services, prices and monitoring mechanisms by the competent institutions on the market of the Federation of Bosnia and Herzegovina, as well as interim measures in the case of significant market disorders. Also, the rights and obligations of government bodies at the federal, cantonal, urban and municipal levels in the implementation of price control, while regulating other issues important for this area.
Federal Ministry of Trade 20. March 2025. year, ie tomorrow, opens a public debate on the draft price of prices that will last 60 days from the day of setting the draft law on the Ministry’s Website.
Key newspapers in the new law
According to the new law, economic entities still have the right to freely form products and services for market conditions, except for those products and services that are under special control regime. The law clearly prohibits agreements between companies that could distort market competition, including direct or indirect price determination, production and distribution control and other practice that harms the free market.
Among the main reasons for prescribing temporary price control measures are: the declaration of natural or other accidents, the lack of inflation – when the consumer price index exceeds 5%, the need to regulate the sales prices from commodity reserves.
Price control measures
In situations of serious market disorders, the law provides for a number of temporary measures, including: determination of the highest or fixed price level, prices to the previous level, determining the maximum trading margin, mandatory notification of price change.
These measures may last for the longest six months, with the possibility of extension for another six months in exceptional situations.
The Federal Minister of Trade will determine by by a bylaw for which products and services of the living standard, economic entities leave the prices and margins, for monitoring, and data that contains, as well as the deadlines and the manner of submitting this data.
“For more fully coordination and cooperation of institutions, in their competence, they have monitoring and analyzing prices, as an advisory body of the Federation, is established by prices for prices,” said in the draft.
Penalties for offenders
The law introduces stricter penalties for economic entities that do not comply with the prescribed measures. Penalties for legal entities range from 6,000 KM to 30,000 KM, while responsible persons in companies will pay penalties between 1,000 km and 3,000 KM. Physical persons who violate the provisions of the law may be penalized from 1,000 km to 2,000 KM.
In the event of a repeat violation within three months, inspectors will be able to ban the work of the firms until Irregularities are corrected. In extreme cases, an object is to be sealed.
Supervision over the implementation of the law shall be performed by the Federal Ministry of Trade, while inspection supervision is implemented by federal, cantonal, city and municipal inspectors, transmits Bosnia info.
