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

Rumen Radev at the business forum in Singapore

Rumen Radev in Singapore: Investing in people and partnership are the key to the future

“Investing in people, education, innovations and technologies is the key to success in the future,” said President Rumen Radev at the opening of the business forum in Singapore, in which representatives of companies from Bulgaria and Singapore are..

published on 11/22/24 10:17 AM
European Commissioner for Home Affairs Ylva Johansson

European Commissioner Ylva Johansson is optimistic about Bulgaria and Romania’s entering the Schengen Area by land soon

“It’s time to lift internal border controls now,” European Commissioner for Home Affairs Ylva Johansson believes. In an interview with RFE/RL she said she was optimistic about Austria’s decision. Asked what the arguments are for blocking the..

published on 11/22/24 9:45 AM
Constitutional Court building

Constitutional Court opens case following President Radev’s request for the constitutional changes to be annulled

The Constitutional Court has opened a case following the request by President Rumen Radev for the amendments to the Constitution, endorsed by the 49 th National Assembly, to be declared unconstitutional. These amendments concern the lifting of the..

published on 11/22/24 9:13 AM