A day before the boycott of supermarket chains due to high prices announced for February 13, the Bulgarian Industrial Capital Association and the Association of Dairy Processors signaled that over the past year the mark-up on dairy products has reached 100% and more and "in many cases has nothing to do with real market conditions or operating costs". They insist that the state protects Bulgarian producers, processors and consumers.
Earlier today, the Commission on Protection of Competition announced that to a large extent the prices of food products in this country are influenced by prices on world stock markets. The CPC adds that their competence does not include "the possibility of price regulation" and "its powers do not include the identification and sanctioning of speculation by traders, respectively, controlling inflationary processes." The commission is currently conducting a study in connection with the rice of prices of essential foods.
Great Britain has issued a special license on Friday that allows businesses to continue to work with two Bulgarian subsidiaries of sanctioned Russian oil company Lukoil, Reuters and BNR Horizont reported. The general license allows companies and banks to..
The leader of "We Continue the Change", Asen Vassilev, described the selection of Rumen Spetsov as a special manager at Lukoil as a "bad joke". "Rumen Spetsov was appointed to collect taxes, not to manage a refinery. There is a..
The nominated person for special manager for the four companies of "Lukoil Bulgaria" is Rumen Spetsov, Minister of Economy, Petar Dilov, said. "He meets all legal requirements", Dilov added. The decision was discussed at the Security..
Bulgaria’s GDP is expected to grow 3% this year, the European Commission said in its Autumn Economic Forecast, as reported by BTA. The projection marks..
On Tuesday, overnight lows will range from 7°C to 12°C, rising to 12–16°C in eastern Bulgaria and around 9°C in Sofia. It will be a cloudy day with rain,..
The European Commission has approved 70 projects across the EU , worth more than €600 million , to support alternative fuels and reduce vehicle..
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