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

Boris Bonev

GERB sold the lift facilities on Vitosha for 4 million euros

The capital's mayor, Vasil Terziev, recalled the commitment to have at least one working lift on Vitosha by the end of his term in 2027. At a briefing on the non-working facilities in the mountain, he stated that there is no way one..

published on 5/19/24 12:27 PM

Bad conditions for mountain tourism

The weather conditions in the mountains are not suitable for tourism, the Mountain Rescue Service has warned. The temperature is around 10°C. It is cloudy, there is fog and rainfalls everywhere as the snow in the higher parts..

published on 5/19/24 11:22 AM

Mediana Agency: GERB leads with 12% ahead of "Vazrazhdane", while DPS is third

Three weeks before the elections for National Assembly and European Parliament, GERB leads with 27.5% ahead of "Vazrazhdane" with 15.7% and the Movement for Rights and Freedoms (DPS) with 14.2%, according to a sociological survey by..

published on 5/19/24 10:40 AM