Gov't must address food and energy prices in 2025, says Prime Minister

It is necessary to find ways together with food producers and retailers to have the upcoming cuts in the VAT tax on essential foodstuffs from 10 percent to 5 percent translate also into lower prices, Prime Minister Robert Fico (Smer-SD) declared on TA3's discussion programme 'V politike' (In Politics) on Sunday.

Fico called the existing talks with involved parties constructive, with more talks to come. He would prefer to arrive at a deal, but if that doesn't happen, he underlined that the state has many tools at its disposal to enforce its will.

"Unlike in the past, the state today possesses information. We know what the inputs of food producers are, at what prices they sell products to a retail chain and know how much the product cost on the shelf. Based on that, some decision can be taken," warned Fico and added that he values a dialogue, so he wouldn't specify any potential measures at this stage.

Source: TASR