Minister of Economy and Industry Nikola Stoyanov ordered Bulgaria’s trade representatives abroad to collect data on the prices of more than 20 basic food products. These include flour, oil, rice, beans, sugar, fresh and yoghurt milk, butter, cow’s cheese, yellow cheese, eggs, meat, etc. The information will be updated weekly. This will assist in the process of analysing the price formation of the product from the producer to the end consumer.
Our sales representatives will monitor weekly prices in major grocery chains in seven European countries — Germany, Austria, France, Romania, Greece, Czech Republic, Croatia, as well as in smaller outlets in the same countries. The data will be processed and compared with prices in retail outlets in Bulgaria, and all information will be public.
In this way, at any moment, the citizens of Bulgaria will have official information about the current prices in our country, compared with some of the leading European countries. The reason is the increasing number of signals that the same products are sold at inflated prices in the Bulgarian retail network. The aim is, on the one hand, to provide consumers with complete information and, on the other, to limit unfair practices and overcharging by traders.