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 gap in the prices of consumer goods and services in the individual countries members of the EU in 2019 was considerable, with Denmark having the highest price level, and Bulgaria – the lowest, Eurostat data show.
The prices of goods and services in Denmark were 141% of the EU average, and in Bulgaria - 53%. Alcohol and tobacco are cheapest in Bulgaria (62% of the EU average). Restaurants and hotels in Bulgaria are cheapest (45%), as are clothes - 79% of the EU average, compared to 132% in Denmark. As to consumer electronics, they are 92% of the EU average. /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
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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
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