MART: Belarusian legislation not restrain development of retail chains

15 декабря 2020
The Ministry of Antimonopoly Regulation and Trade for maintaining the current share of 20% in retail trade in a certain territory. This issue was discussed at the Minsk Union of Entrepreneurs and Employers. The government's position is shared by businesses, increasing market power for chains could lead to the closure of private convenience stores and price volatility in the market. The regulator notes that the legislation in Belarus does not restrain the development of retail chains.

Amendments to the Law on Trade will be discussed by the House of Representatives tomorrow. All of them are supported by the deputy corps, the only open issue is connected with the share of networks in the market.