Within seven days, the government will propose amendments to the Law on the Introduction of the Euro, setting out additional measures to tackle unjustified price hikes. Penalties will be more severe, and the legal powers of the Commission for Consumer Protection (CCP) will be expanded.
This decision was made at a meeting of the national coordination mechanism to oversee the monitoring and control processes related to the country’s upcoming adoption of the euro, convened by Prime Minister Rosen Zhelyazkov, the government press service announced.
Finance Minister Temenuzhka Petkova pointed out that the law currently only allows sanctions during the dual circulation period of the euro and the lev, from 1 to 31 January 2026. However, to protect consumers, this period will be extended to begin with the dual display of prices and end on 31 December 2026.
The European Commission has decided to withhold EUR 215 million from the second payment under Bulgaria’s recovery and resilience plan, the EC told the Bulgarian National Radio. The country is to receive EUR 439 million. EU may cut money for..
With 111 votes for, 51 against and 43 abstained, the National Assembly approved the establishment of an ad-hoc committee to investigate the activities of George Soros and his son Alexander Soros and their foundations in this country financing..
Prime Minister Rosen Zhelyazkov and Deputy Prime Minister Tomislav Donchev cancelled the meeting, scheduled for today, of the National Tripartite Council on the draft budget for 2006 after, in an unprecedented move, businesses decided not to take..
The Ministry of Finance and the Bulgarian National Bank are organizing a high-level conference today titled ''Bulgaria on the Doorstep of the Eurozone''...
Bulgaria relies on the efforts of honorary consuls from around the world to help establish new partnerships in the fields of economy, trade, innovation,..
The euro will help, but it does not on its own guarantee higher standards of living, said Kristalina Georgieva, Managing Director of the International..
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