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

Economist Vasil Simov predicts drop in food prices

Photo: archive

In an interview with the Bulgarian National Television, the CEO of the Sofia Commodity Exchange Vasil Simov predicts that the wave of food hoarding since the beginning of the Covid-19 epidemic will lead to a subsequent decline in demand, which will force retailers to lower prices in order to sell the goods.

It will be a difficult year for banks and their customers, predicts banker Levon Hampartzoumian. In his opinion, the recommendation of the European Central Bank to loosen loan lending rules does not mean easier lending, but flexibility and rigorous risk assessment. The banker also predicts an increase in online sales at the expense of cash payments.



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

MPs will not undergo alcohol and drug tests

The Bulgarian MPs have adopted regulations for the organization and activities of the National Assembly, BTA reported. The majority rejected the proposals of "Vazrazhdane" and ITN to have the MPs tested for drugs. ITN's proposal provided for the..

published on 7/12/24 5:23 PM

Partial state of emergency has been declared over fires in Sredna Gora

The regional governor of Plovdiv, Prof. Hristina Yancheva, announced a partial state of emergency in Hisarya and Kaloyanovo, BTA has reported. The measure was introduced because of the fires in the area of the villages of Pesnopoi and Mihiltsi near..

published on 7/12/24 5:04 PM

EC approves EUR 142 million in state aid for Bulgaria’s energy sector

The European Commission has approved state aid amounting to EUR 142 million (BGN 278 million) to support the energy sector, BNR’s correspondent in Brussels reports. The money is being granted to alleviate part of the expenses of the companies which..

published on 7/12/24 4:44 PM