Retail Chains in Bulgaria Begin Displaying Prices in Euros Ahead of 2026 Adoption
Large retail chains in Bulgaria have begun displaying product prices in both levs and euros as of today
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.
A new sea route between Burgas and Istanbul will begin operating on June 24, 2025
Bulgarian authorities have stepped up inspections across the country to combat unjustified price hikes amid concerns that some retailers might exploit the upcoming euro adoption to speculate
In 2024, the quality of bathing waters across the European Union remained high
A large part of the Bulgarian business sector is well-prepared for the euro changeover
Since the start of 2024, Bulgaria has issued 24,000 work permits to foreign nationals, marking a significant increase compared to previous years
Vasil Levski Sofia Airport has earned top honors in Europe, receiving the prestigious ACI EUROPE award for “Best Airport in Europe” in the category serving between 5 and 10 million passengers
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe