Price Commitment on the Euro

The experience of countries which adopted the euro in 2002 shows that some prices surged without an apparent reason. Slovenes have also expressed their concerns about this. The European Commission has therefore advised Slovenia to establish a price commitment policy. The Chamber of Commerce and Industry of Slovenia (CCIS) and the Chamber of Craft of Slovenia have thus called on their members (enterprises, craftspersons and traders) not to take advantage of the euro changeover to increase the prices of their goods and services. Both chambers advocate the view that companies should act responsibly towards the consumers, and by refraining from price hikes increase the trust of the general public in the euro.

Companies can also sign a statement, published on the web site of the Chamber of Commerce and Industry and agree to observe the price commitment policy, which, according to the CCIS, is also a good business opportunity.

On 7 December 2006, the Government of the Republic of Slovenia approved a similar policy on price commitment, which should be observed by all ministries, government bodies, services, and administrative units until the end of the adoption period. The government also advised courts and other state offices, local communities, bearers of public authority, other public entities, and enterprises in which the government has either a partial or controlling share to observe the commitment until the end of the adoption period.

More info:

• Government Tells Ministries Not to Use Euro Switch to Raise Fees
• Business Chambers Ask Companies to Pledge Price Restraint