Egypt's Minister of Supply and Internal Trade, Dr. Sherif Farouk, has issued a new decision regarding the management and operation of subsidized bakeries. The decision states that holders of licenses to operate subsidized bakeries are not allowed to delegate others to manage or run the bakeries, nor can they transfer the licensed activity. Additionally, no one can work as a manager, supervisor, or representative of a bakery without obtaining a license from the relevant Supply and Internal Trade Directorate.
The new regulations require individuals seeking to take over the management of a subsidized bakery or work as supervisors, representatives, or agents to meet certain conditions. These conditions include being of full legal capacity, not being a public employee or equivalent, and having a good reputation with no prior convictions for crimes that undermine honor or integrity, or for economic crimes. The license will be personal to the individual and only valid for the specific bakery for which it was granted.
The decision, published in the Official Gazette, comes into effect immediately after settling the financial accounts of the bakery with the General Authority for Supply Commodities. The regulations aim to ensure that subsidized bread reaches those who need it most and to prevent any irregularities in the distribution process. The Ministry of Supply and Internal Trade has been working to improve the management of subsidized goods and services.
According to Khaled Fekri, head of the Cairo Chamber of Commerce's Bakery Division, the prices of tourist bread and fine bread have not increased so far. Bakeries are committed to the ministerial directive number 6 of 2024, which regulates prices and weights of tourist and French bread products. The prices of these products vary according to their weight, with the 50-gram fine bread costing two pounds and the 80-gram tourist bread costing two pounds.
The Ministry of Supply and Internal Trade has been working to improve the efficiency of the subsidized bread system and to prevent any exploitation or corruption. The new regulations are part of the government's efforts to ensure that subsidized goods and services reach those who need them most. The Ministry has also been working to increase the availability of subsidized bread and to improve its quality.
The decision has been welcomed by many Egyptians who rely on subsidized bread as a staple in their daily lives. The new regulations are expected to help reduce irregularities and ensure that subsidized bread reaches those who need it most. The Ministry of Supply and Internal Trade has called on citizens to report any irregularities or corruption in the distribution of subsidized goods and services.
The Egyptian government has been working to reform the subsidized goods and services system, which has been in place for decades. The new regulations for subsidized bakeries are part of a broader effort to improve the efficiency and transparency of the system. The government has also been working to increase the availability of subsidized goods and services and to improve their quality.
Key points
- The Egyptian Ministry of Supply and Internal Trade has issued new regulations for the management and operation of subsidized bakeries.
- The regulations require individuals seeking to manage or work in subsidized bakeries to meet certain conditions, including being of full legal capacity and having a good reputation.
- The new regulations aim to ensure that subsidized bread reaches those who need it most and to prevent any irregularities in the distribution process.
