Up To BGN 5,000 Fine For Incorrect Conversion And Rounding Of Prices From BGN To EUR
In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
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Bulgaria’s debt for 2017 amounted to BGN 25,908 million, or 25.6% of GDP. According to the final data of the National Statistical Institute, the General Government Institutional Sector reported in 2017 a budget surplus of BGN 1,145 million, or 1.1% of GDP, reports Focus News Agency.
The surplus in the Central Government sub-sector amounted to BGN 969 million, or 1.0% of GDP. The Local Government sub-sector reported a surplus of BGN 239 million and the Social Security Funds sub-sector reported a deficit of BGN 63 million.
The statistical information on the General Government institutional sector, including debt, deficit and surplus, is prepared according to a harmonised EU methodology. Each member state provides Eurostat with preliminary data on deficit/surplus and debt for the reported year by 31 March of the following year, and final data by 30 September of the following year.
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In order to protect the economic interests of consumers, there will be a period of double labeling of the prices of goods and services - in leva and in euros
As Bulgaria inches closer to joining the Eurozone, concerns arise over the implementation of rounded prices in euros, potentially impacting citizens' wallets upon adoption of the single currency
On a briefing held at the National Press Club of BTA, Nikola Ilchev, the creator and organizer of the Balkan eCommerce Summit, showed projections indicating a significant rise in Bulgaria's e-commerce sector
The Ministry of Finance in Bulgaria has revealed that the process to facilitate the exchange of levs with euros in the country will come with a hefty price tag, estimated to be at least BGN 500 million
As Bulgaria steers towards adopting the euro, economists dispel concerns over potential price increases, assuring the public that the impact on inflation will be minimal
The Ministry of Finance has released a draft law for public discussion concerning the adoption of the euro in Bulgaria. The primary aim of the proposal is to ensure a smooth and transparent transition to the European currency
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