Democratic Bulgaria will submit a proposal to the country’s Parliament to raise the VAT registration threshold as of the beginning of 2023, which would bring prices and inflation down, MP Martin Dimitrov announced.

Late payment interest rates should decrease, which will confer a benefit to household consumers. It is not necessary to place price ceilings to get a grip on prices, Martin Dimitrov said for the BNR. 

According to Democratic Bulgaria, the EU should remove the barriers for imports of certain items and raw materials for a period of 6 months. Reducing duties on imports from third countries would increase supply. As a result, prices will fall, representatives of Democratic Bulgaria contend and note that Bulgaria must ask the European Commission to reduce excise duties on fuels.