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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The total losses of Bulgarians, who have savings accounts in banks, from inflation alone equal over EUR 1 billion a year. Bulgarians invests just 2.4 percent of their savings in equity or in companies. In Eastern Europe, this percentage reaches 20 percent.
Most of the family budget is invested in shares by Swedes and Finns. There this type of investment accounts for 40% of the assets of households. Against the backdrop of bank deposits in Bulgaria, there are now more than 15,000 companies in the country, with sales and operating profit rising by more than 25% over the last three years. Investing in them is even more profitable than real estate investments preferred by Bulgarians, according to investment consultants quoted by BTA./ BNR
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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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