Government liberalises prices of eggs and some breads
The Economy Ministry regulation of June 26, 2014 No 49, has excluded eggs and some types of bread from the list of socially important goods. This will result in price hikes on these products. This step will result in other prices going up too.
Meanwhile, the financial health of enterprises producing these goods will somewhat improve. The financial health of various producers suggests that the list of socially important goods will continue to shrink in the future. Furthermore, since it is obvious that inflation indicators in 2014 will be higher than planned, the state will continue increasing prices on various groups of goods and services in order to restrain income growth and reduce budget subsidies for lower prices.
According to Belstat, in August 7,600 people were dismissed, including 4,800 civil servants. Dismissals of civil servants were due to the optimisation in the public administration by up to 30%. Some civil servants would retain their job however would lose the status of a civil servant. Vacancies on the labour market are likely to reduce in number, thanks to the optimisation, the state administration would increase wages for public servants. The payroll fund for retained employees is likely to increase and some former state employees are likely to get jobs in affiliated organizations. The optimisation of the state apparatus should complete by January 1st, 2018, and some former civil servants are likely to join the ranks of the unemployed.