Sofia Exchange: No Grounds for Sharp Price Hikes, Market Remains Stable
The CEO of the Sofia Commodity Exchange, Vasil Simov, dismissed speculation about any dramatic price hikes on the market
Bulgarian telecommunications companies are set to implement price increases this year, citing the impact of inflation. This follows a similar adjustment in February 2020. While Vivacom and A1 have confirmed the upcoming indexation, Yettel has chosen not to comment at this time.
Vivacom's official statement mentions, "Due to the continued increase in the costs of labor and delivery of goods and services, based on Vivacom's General Terms and Conditions from February 2024, the price of the monthly subscription for part of the basic and additional services will be increased with the accumulated inflation for 2023 - 4.7%."
However, the price hike will exclude certain subscription plans for social and disabled individuals for mobile and fixed voice services. Existing subscribers with contracts from acquired operators will continue to pay the old amounts, extending to new tariff lines introduced in the previous year.
A1, responding to the increased costs they face, emphasized that such indexation is a standard practice in the EU, outlined in customer contracts and applicable General Terms and Conditions. They are assessing the impact of inflation on their business to make informed decisions benefiting both subscribers and the company.
Yettel has refrained from commenting on the matter at this stage.
Notably, after the previous price increase, initiated under pressure from the ombudsman Diana Kovacheva, the Ministry of Economy and Industry requested the Consumer Protection Commission (CPC) to scrutinize whether the clause for price increases in contracts is unfair to consumers. The inspection results remain undisclosed.
Bulgaria has significantly dropped in the global ranking for gender equality in 2025
Top Bulgarian tennis player Grigor Dimitrov has issued a public warning on social media about a fraudulent video circulating online that falsely uses his likeness.
Aquapark in “Zona B-5” Opens for Summer Season on June 14, 2025
Public and business attitudes toward Bulgaria’s adoption of the euro were detailed at a briefing hosted by the Ministry of Finance
The weather on Friday will be predominantly sunny across most of the country
The Sofia Municipal Council has approved a proposal to increase construction-related fees, including building permits, in a move expected to add BGN 30 million annually to the city's budget
Borderless Bulgaria: How Schengen Benefits Are Transforming Trade and Logistics
Bulgaria's Mortality Rate Remains Highest in Europe