Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgaria's government wants to reduce food prices by at least 20 percent

Photo: BGNES

Mass retail chains in Bulgaria are currently putting an 80-90% markup on food products, caretaker Economy Minister Nikola Stoyanov told Nova TV. 

The caretaker cabinet is planning to introduce a "ceiling" on the trade markup of up to 20 or 25%. Retailers charging a larger margin will be obliged to declare it to the Consumer Protection Commission, which will check the formation of the price. 

The government's goal is to reduce prices by 20-30%. 

By the end of the week, a comparison site showing food prices in the EU and in Bulgaria will be operational, Stoyanov said. 

According to the minister, the increase in inflation was also fueled by the increase in incomes in 2022.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

56% of Bulgarians want the parliament to elect a cabinet, even at the cost of compromises

56% of Bulgarians prefer the new 51st National Assembly to form a government, even if this is at the cost of compromises, indicate data of a national representative survey conducted by the polling agency "Gallup International" for the "Referendum"..

published on 11/20/24 6:00 PM
Katya Staykova and LI Yue during the signing of the memorandum

Trakia Economic Zone enters into a strategic partnership with a Chinese university

A Memorandum of Cooperation between Cluster Trakia Economic Zone and Shenzhen Polytechnic University (SZPU) was signed in Beijing by Katya Staykova, CEO of Cluster Trakia Economic Zone, and Ms. LI Yue, Vice President of the Chinese higher education..

published on 11/20/24 5:46 PM

President Radev again refers the amendments to the Constitution to the Constitutional Court

Bulgarian President Rumen Radev today reiterated his request to the Constitutional Court to declare unconstitutional the amendments to the Constitution made by the 49th National Assembly.  The Bulgarian Head of State's objections are against the..

published on 11/20/24 4:37 PM