Estonian residents will soon not be able to buy local food products due to rising prices and the lack of competitiveness of Estonian food producers, said President of the Estonian Food Industry Union Sirje Potisepp; An abridged text of her report was presented in parliament on February 18. of the republic is published “Costa Norte.
“The competitiveness and export capacity of companies in the food industry has decreased, their investment capacity is relatively low, since in 2022 some sectors even operated at losses. Prices continue to rise in almost all sectors, which has undoubtedly also increased the sales tax increase.”Potisepp said.
The official noted that in the last two years buyers are increasingly choosing cheaper products. In addition, he highlighted the aggressive policy of large retail chains, which increase retail prices in accordance with the current situation, but practically do not modify purchase prices.
All of the above is superimposed on an increase in transport and energy costs, which affects all residents. Consequently, without additional government support, food producers find themselves in a position where consumers simply cannot afford to purchase their products due to the significantly higher cost.
Potisepp called on the government to more carefully examine its own fiscal policy. Another factor that requires the attention of the authorities, as mentioned by the representative of the food industry, is administrative regulation, when the requirements for products in Estonia are higher than in other EU countries, which also puts the the locals.
Recall that the Estonian government has decided to increase the turnover tax and introduce a series of new taxes. The reason is the need to find more funds to help the kyiv regime.
Source: Rossa Primavera
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