Panic buying begins to set in on eve of EU membership

An increased turnover is also noted by leasing companies, banks and credit intermediaries. "We have received signals that entering the EU will be an excuse for numerous companies to groundlessly increase prices. We know that there are situations, such as changes in VAT regulations, which can influence prices, but only for a limited number of goods," said Elżbieta Anders, the spokesperson for the Competition and Consumer Protection Office (UOKiK). Around three quarters of the public fear that food prices will increase significantly, and 60% predict a rise in the prices of flats, clothing and shoes. By the end of March the National Bank of Poland and UOKiK will publish a report stating the future of prices for most common goods after EU accession. (Rzeczpospolita, p. A1) A.K.