Landmark EU-Mercosur Agreement Promises Billions in Tariff Savings
The European Union (EU) and Mercosur countries have reached a landmark agreement to establish one of the world's largest trade deals
The inclusion of "purchase price" in the receipts is contrary to the founding principles of the European Union. This was stated by the Bulgarian Petroleum and Gas Association during a meeting with ambassadors of the Western countries.
At the initiative of the Bulgarian Petroleum and Gas Association a meeting was held between members of the Management Board of the Association and ambassadors and representatives of the embassies of Great Britain, the Netherlands, Austria, Romania and Greece in Bulgaria. The meeting was hosted by the European Commission Representation in Bulgaria.
At the meeting members of the BPGA informed the representatives of the diplomatic missions about their concerns regarding the entry into force on 01.10.2019 of the texts of Regulation H-18 of the Minister of Finance and the possible negative consequences that would result from this.
According to the texts of that date, a new purchase price must be added to the cash notes issued at gas stations.
According to the BPGA, such a requirement would be contrary to the EU's underlying principles as well as the rules of fair competition applicable in the Union.
The purchase price is a trade secret guaranteed by international, European and national law. The illumination of such information could lead to a distortion of competition between commercial operators, which is not beneficial neither to consumers nor to the traders and, in general, to the Bulgarian economy.
The introduction of such a rule would affect not only the national market but also the Union trade in fuels, as many European companies are supplying intra-Community supplies on the territory of the country.
In fact, declaring a purchase price does not provide objective additional consumer information as it does not include a number of costs that companies make, such as the storage of government reserves, operating costs, logistics and marketing costs.
BPGA has informed ambassadors and embassy representatives that it has already sought a meeting with Prime Minister Boyko Borissov to raise his concerns about the entry into force of this text.
Sofia is once again hosting a celebration of literature at the National Palace of Culture, where the Book Fair has kicked off, running through Sunday
Guns N’ Roses, one of the most iconic rock bands in history, will perform in Sofia at Vasil Levski Stadium on July 21, 2025, as part of their extensive European and Middle East tour
Overnight, light rain showers are expected, with no significant precipitation forecasted during the day
A tragic incident occurred yesterday afternoon at the "Shiligarnika" ski slope in the area above Bansko
On December 10, the weather across Bulgaria is expected to be mostly cloudy with periods of rain
In Bulgaria, more than 60% of people aged 60 to 64 remain active in the labor market, a figure that surpasses the European Union average.
Bulgaria Ranks Second in the Balkans at Paris 2024 Olympics, 26th Overall
Bulgaria Leads Europe in Heat-Related Deaths in Record-Breaking 2023