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Tuesday 20.02.2018 | Name days: Smuidra, Vitauts, Smuidris
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Karins: consumers subject to artificially boosted prices

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Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RU, Krisjanis Karins

Krisjanis Karins

The European Union should turn more attention to the competition in the energetics and agriculture sectors, Krisjanis Karins told in the European Parliament debates on the competition policy in 2009.

At the same time he points out sectors with tough competition should be expanded, Karins advisor on press matters Ieva Ziberga told the business news portal BNN.

Competition ensures not only low prices, but also better quality. Unfortunately, there are still sectors in EU where the competition is not sufficient, including energetics. There still exist isolated markets in the EU, where competition is not possible at all, due to technical reasons. This results in artificially boosted prices for consumers. The Baltic region’s gas market is an example of this. According to the Commissioner for energy Günther Oettinger, consumers in Germany pay 30% less than the ones in the Baltics, just because the region lacks competitiveness.

Karins suggests reconsidering the agricultural sector as well, not to mention subsidies impact on the agricultural market, payments differ considerably between the member states, which means consumers of many states are subject to artificially boosted prices, hitting farmers as well, Karins explains.

It was also stressed successful competition policy and unlimited activities of a domestic market guarantee sustainable economy growth and new knowledge-based jobs in the EU.


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  1. Piter says:

    of course, if I owned a market I’d set my own prices as well.

    Thumb up 0 Thumb down 0

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