A single sticker will indicate the permanently low food prices to which outlets have committed. It has been developed by the Ministry of Economy and Industry and has already been made available to the chains that have requested to be included in the foodprice.bg information system. This was announced by Minister Nikola Stojanov in the morning block on BTV ‘This Saturday’.
For about a week now, the foodprice.bg website has been providing information on the entire process of pricing food products — from the cost of raw materials, through the cost of imports and wholesale, to the final price that people pay in the store. ‘We have sent an invitation to all legal entities that are engaged in retail trade of food products and have an annual turnover of more than BGN 30 million to join our initiative,’ explained the Minister of Economy.
So far, only average retail prices are displayed on the website. According to the Minister of Economic Affairs, it would therefore be positive if commercial establishments participate. On the one hand, this will encourage competition and will make the process more transparent, and on the other — only they can commit to what is the lowest price at which they sell their products, he said.
So far, only two retail chains have submitted information to the foodprice.bg website, as it has already been published, it became clear from the words of the Minister of Economy. ‘One chain has given information only for 5 products in the whole country, the other for 15, but for two districts in Bulgaria. We hope that this is just the beginning of the process and there will be much more activity,’ Minister Stojanov added.
It is compulsory for each chain participating in the initiative to declare that for one week ahead it will sell the products at the prices it has indicated. This value may decrease over the period, but not increase. The information from them should be received every Thursday at the Ministry of Economy and Industry and the price will be valid from Friday to Thursday. The promotions held by the outlets cannot be included on the foodprice.bg website.
In order to make it easier for consumers, a single sticker has been developed which retailers will put on these products if they wish. It is available in three versions — round, rectangular and square, in view of the differences in the store shelves. As of yesterday, they have been made available to the two chains and have already been placed in some of their stores in the country.