The Commission on Protection of Competition has cancelled the Ministry of Economy’s initiative “Available to you” which aimed to lower the prices of around 50 products from the small consumer basket at chain stores.
The initiative was supposed to have been launched on 1 November. According to the regulator, the initiative will result in restricting price competition among traders and is a violation of the constitutional principles of free economic initiative. The Commission is recommending “providing individual food packages and a warm lunch” as a way of coping with the increase in prices.
“The initiative is good, it is European and does not distort competition in any way, but it is very much delayed – by one year,” Assoc. Prof. Ognyan Boyukliev from the Bulgarian Academy of Sciences’ Economic Research Institute commented for the BNR. “It is a good thing there will be no price caps. Price caps were put in place in Hungary that have already been done away with because they led to shortages,” Assoc. Prof. Ognyan Boyukliev said.
The Ministry of Economy said that they would not give up the initiative aimed at achieving better prices for consumers. "We have created a basis for competition between the various participants in the initiative for these 50 essential products," Minister of Economy Bogdan Bogdanov said in a televised interview. According to him, talks on the topic between the ministry and the Commission for the Protection of Competition are forthcoming.
Our two countries have an important role in the connectivity between Europe and Asia through the Trans-Caspian Transport Corridor. This is what President Rumen Radev said during the plenary talks between the delegations of Bulgaria..
Over 200 settlements in 140 municipalities will have high-speed internet, announced Deputy Prime Minister and Minister of Transport and Communications Grozdan Karadjov. He signed 6 contracts for the construction of digital networks in the country in..
The interest in exchanging levs for euros has increased by more than 50% after the positive convergence reports of the European Commission and the European Central Bank. This was reported by financier Max Baklayan for Radio Varna. He explained that..
President Rumen Radev is leaving for an official visit to the Republic of Kazakhstan and the Republic of Uzbekistan, BTA reports. The..
The second F-16 Block 70 aircraft of the Bulgarian Air Force is now at the Third Air Base in Graf Ignatievo, the press center of the..
Bulgaria and Kazakhstan will work on the development of the Trans-Caspian international transport corridor, known as the "Middle Corridor". This was..
+359 2 9336 661