Serbia to impose price limits and price cuts on nearly 3,000 commodities

Serbian President Vučić announced a package of economic measures on the 24th, including price limits and price cuts on nearly 3,000 commodities.

Vučić stated at a press conference at the Serbian Presidential Palace that the package also includes restrictions on trade profits, electricity prices, and loan interest rate reductions. Cash loan rates will be capped at 7.5%, and the nominal interest rate on housing loans will be reduced by 0.5 basis points.

He said the government’s measures are aimed at “improving people’s living standards” and will last for at least six months.