Business in brief

20th November 2009

Food prices to rise in 2010 Food prices are expected to rise once the holiday season is over, as retailers begin passing on increases in wholesale costs.

Consumers can thank the delay in price hikes on retailers' desire to draw shoppers into their stores during the busy Christmas shopping season. Wholesale prices have risen sharply this year, with sugar increasing 70 percent in price.


VAT for language classes

The cost of learning a foreign language will be going up if the Finance Ministry carries out a plan to impose a 22 percent VAT tax on language classes. Almost all private education to date, including language learning, has been exempt from VAT taxes. The change is opposed by ...