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.
The GERB party will make every effort to form a regular government with a full mandate. This was what the leader of the party Boyko Borissov said this morning during a meeting with the ambassadors of the EU countries in Bulgaria. He announced this..
GERB leader Boyko Borisov must answer clearly whether he will remove Delyan Peevski from his entourage and return to the European development of Bulgaria, or work with Delyan Peevski and move Bulgaria towards a dictatorship, as Peevski is currently..
An attack on elections is also an attack on national security. With these words, Vice President Iliana Iotova commented on the questions asked by President Rumen Radev about the fairness of the previous parliamentary elections . "From the very beginning..
On Thursday morning visibility will be diminished in some valleys and parts of the lowlands. Along the Danube there will be fog. Minimum temperatures..
Nearly 30 people who had to fly to London with a low-cost airline were not allowed to board the plane at Sofia Airport. The flight was in the early..
Three Bulgarian companies have been sanctioned by the US for enabling the Russian military industry. According to the US Department of State and..
Mostly Cloudy
Partly Cloudy