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It was announced that 542 businesses were closed in one day

#Ethiopia The Ministry of Trade and Regional Cooperation has announced that 542 businesses have been closed and their business licenses have been suspended and 324 have been given warnings.

Yesterday, the ministry indicated that action has been taken against the commercial establishments that have improperly increased the prices of basic food items.

Also, the ministry pointed out that the oil and sugar products that were seized by the customs commission will enter the market from today.

The goods were seized because Franco Vallotta had allowed oil and sugar importers and the Customs Commission to create a tax-payment dispute.

Following the change in foreign exchange rates announced by the National Bank of Ethiopia, the prices of goods have increased in various places and shops.

Following this issue, in the survey conducted by Addis Morning in Mercato and in various areas, she observed that there is an increase in the prices of various food and non-food related goods. It is recalled that Addis Morning reported that some merchants in Mercato have closed their shops and are exacerbating the increase in prices by hiding various items and saying that they do not exist.