Bulgaria's Bread Prices to Soar By 2007

Business | October 3, 2006, Tuesday // 00:00

Bread in Bulgaria is expected to reach the psychological threshold price of BGN 1 per kilo come 2007, Darik News revealed.

Prices are being artificially kept low in many cities, Dimitar Lyudiev, head of the Bulgarian bread producers' federation has said, adding that these cities would be the first ones to see an increase.

Flour prices have soared by 30% to 40% already and this is the main reason why bread will become more expensive. Upped fuel and electricity prices have also influenced the bread producers' decision.

Also, salaries in that branch of the economy are too low and would be rising after January 1, a factor that will further influence bread prices.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article

Advertisement
Advertisement
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