KEYWORDS TODAY:   UKRAINERUSSIAIRAQISDAVUTOGLUKTB

New Retail Regulations in Bulgaria Will Harm Local Suppliers

Business | June 17, 2014, Tuesday // 12:39| Views: 804 | Comments: 0
  • Send to Kindle
Bulgaria: New Retail Regulations in Bulgaria Will Harm Local Suppliers File photo

The proposed new regulations for retail chains will considerably harm the local FMCG producers, warned the European retail organization EuroCommerce. 

In a letter, sent to the leaders of the parliamentary represented parties, quoted by Mediapool.bg, EuroCommerce warns that the proposed amendments to the Competition Protection Act, which are meant to offer better protection to the local producers, will have the opposite effect. 

According to the organization, the proposed restrictions on the large FMCG retail chains will force them to turn to international suppliers, rather than local ones. 

EuroCommerce, which has over 6 M members from 31 European countries – retail chains, suppliers, distribution companies, etc. - pointed out that the proposed restrictions and regulations for retail companies with over BGN 50 M annual turnover, is a form of discrimination. According to the organization, they were violating the European law and principles of free movement of goods and services and the right of free negotiations. 

“There is a risk of encouraging the retailers to turn to international suppliers,” the letter said. “This would lead to weakening of local production, which surely is not the goal of the amendments.” 

The amendments to the Competition Protection Act are due to be discussed in Parliament at second reading this week.

Business » Be a reporter: Write and send your article
Tags: retail, FMCG, EuroCommerce, Competition Protection Act, suppliers, retailers, producers
Expats.bg All Are Welcome! Join Now!

Leave a comment


Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria