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

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% ...

07.03.23 11:01 |

Possible reduction in price of goods due to speculation will occur in the summer at the earliest

In three months at the earliest, it is expected that the state measures against speculation will yield results and the goods whose prices are the result of unfair trade practices will decrease in price , Stoil Alipiev, chairman of the Commission for..

06.03.23 16:33 |
Agriculture Minister Yavor Gechev

Annual food inflation is 24.5%, Agriculture Minister Yavor Gechev says

The annual food inflation is 24.5% for January, Minister of Agriculture in the caretaker government Yavor Gechev announced at a press conference on the measures aimed at curbing the high prices of food in chain stores. The peak was reached in..

02.03.23 15:08 |

30% of retailers expect more price increases, NSI survey says

According to the National Statistical Institute's traditional business climate survey, 30% of retailers believe prices will continue to rise over the next three months. Entrepreneurs in the four sectors monitored - retail, services, construction and..

28.02.23 14:17 |

Traders speculate with the prices of basic goods, trade unions say

CITUB warns that in recent weeks cases of unfair trade practices have increased and there is evidence of speculative price increases throughout the supply chain. In this regard, the trade union demands that immediate measures be taken..

25.02.23 17:25 |
Minister of Economy in the caretaker cabinet Nikola Stoyanov

We shall rely on competition to bring down prices, price caps do not work, economy minister says

“Inflation in Bulgaria is much higher than the average in Europe. It is a matter of time for the prices to start turning back,” Minister of Economy in the caretaker cabinet Nikola Stoyanov said for the BNR. Wholesale prices are calming..

12.02.23 13:00 |

Gas is 31% cheaper in February

The Energy and Water Regulatory Commission approved the price of natural gas for February at BGN 124.34/MWh (EUR 63.46/MWh), excluding access, transmission, excise and VAT.  This is 31% lower than the January price of BGN 179.33/MWh (EUR..

01.02.23 19:18 |

Inflation has brought prices in Bulgaria closer to the EU average

The expenses of Bulgarian households have risen dramatically. For a year, the sum needed for a family of three to cover the cost of living has increased by about BGN 366 (185 euros) and the necessary net monthly income reaches BGN..

24.01.23 14:00 |

Annual inflation in Bulgaria stabilizes at 17%

In December, annual inflation in Bulgaria stabilized at the November level of 16.9%, according to the data of the National Statistical Institute. On a monthly basis, however, there is an increase in consumer prices by 0.9% compared to November...

16.01.23 19:43 |

Prices of basic food products have risen in price by 50% in a year

The 20 main food products that Bulgarians use every day, and a large part of which are present at the Christmas table, have increased in price by nearly 50% in one year, according to the data of the Central Bank of Bulgaria.  Among them are rice,..

25.12.22 16:41 |
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