#Egypt #BlackBlock #OpEgypt #NewEgypt #EgyStudents #Newsroom #my2 #rt #tahrir #6april #jan25 #Important #Urgent Ziad Bahaa El Din: reduce commodity prices for a week Ziad Bahaa Eddin said Deputy Prime Minister and Minister of international cooperation, the meeting of the Ministerial economic group under the chairmanship of Dr. Hazem El-Beblawi, Prime Minister and Deputy Prime Minister for economic development and the Minister of international cooperation and the Ministers of finance and investment, planning, supply and internal trade, the general economic situation in Egypt and the urgent needs of citizens during the current phase and could prompt government action. Bahaa al-Din told reporters on Tuesday that during the meeting the agreement on lowering the prices of major commodities for a week to supermarkets to start applying it immediately cuts ranging from 10 to 15%. . Noting that the list of goods (oils, flour, pasta, margarine, butter, meat, poultry, fruit juices, jams, beans, tomato sauce), and put it in sufficient quantities through supermarkets more than 1,200 ports scattered throughout the Republic. He noted that it had been agreed to by the Prime Minister to set up working groups between relevant ministries to restrict government contractors entitlement to these benefits help to pump liquidity into the market and the real estate market and enable contractors to pay their debt to sub-contractors and workers, accounting and payment process ends within a period not exceeding two months. It was agreed to limit the amounts paid from the public Treasury and Government agencies to consultants in preparation for the announcement of public opinion and policy and specific controls to rationalize this item of public expenditure. It was also agreed to form a working group consisting of the Ministers of industry, trade and investment to consider urgent in factories closed or operating at less than capacity and the consequent shedding of labour to develop an emergency programme to deal with it and enabling it to resume its activity or increase their productive capacity. It was agreed to limit the availability of infrastructure projects financing in the State budget in order to activate programs implemented to its direct impact on the operation and pump additional liquidity into the economy.
Posted on: Tue, 06 Aug 2013 17:59:01 +0000
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