Text size

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

published on 3/7/23 11:01 AM

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!

Radio Bulgaria News Consumer Protection Commission food prices food products inflation markup prices

More from category

Mostly sunny with short-term rain showers in some places

At night, in places in the central and eastern part of the country there will be short-term showers with thunderstorms. By morning the precipitation will stop. Cloudiness will decrease from the west. On Saturday it will be..

published on 8/22/25 7:05 PM

Marchela-Vasilena Merchant to stage dance show "Samodiva" in London

In the last days of the hottest month - from August 27 to 30, the performance "Samodiva" will be premiered in London. This is an innovative, immersive dance production inspired by Bulgarian folklore myths. It is the work of..

published on 8/22/25 2:50 PM

Nearly a quarter of Bulgaria's economy is in the grey sector

"Nearly a quarter of Bulgaria's economy is in the grey sector – around 23-24%. On the other hand, there is not enough money for pensions, for young people, for mothers, for the second year of maternity. How can the funds be obtained..

published on 8/22/25 2:30 PM