Send to Kindle
A Bulgarian shepherd. File photo, BGNES.
Prices of foods in Bulgaria are speculative and unrealistic, according to Minister of Agriculture Miroslav Naydenov.
Speaking for Darik Radio Saturday, Naydenov commented that retailers heighten food prices on a massive scale, adopting a strategy to make profits by exploiting the consumer, rather than relying on a stable low-margin sale.
Minister Naydenov gave an example with the prices of lamb meat on the eve of the major holidays of Easter (April 24) and St. George's Day (May 6).
"It is ridiculous that, with a producer price of lamb of BGN 5-6 per kg, the retail price soars to BGN 15 per kg," commented Naydenov.
He furthermore explained that sellers rely on a "one hit" strategy, attempting to win as much as they can around holidays, when people are more prone to spending.
"It is high time that we as consumers develop a more responsible consciousness and boycott those speculative prices," said the agriculture minister.
The cost of essential foods in Bulgaria has risen by nearly 11% over the past year, as reported by the Commission on Commodity Exchanges and Markets
Vladimir Ivanov, chairman of the State Commission for Commodity Exchanges and Markets, reassured Bulgarians that there will be no significant price hikes for eggs and lamb leading up to Easter.
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
As Easter approaches, Greeks are facing the highest lamb prices in recent years, prompting many to seek alternatives across the border in Bulgaria
In the Greek media, reports from the northern part of the country abound with information that the people living there are massively shopping in Bulgaria for the holidays
He assured that the price of lamb this year will remain almost unchanged and if there is an increase, it will be minimal
The Bulgarian National Bank announced extended operating hours at its cash desks today and on Saturday, December 20, in response to heightened public demand
Scope Ratings has completed its latest review of Bulgaria and confirmed the country’s long-term credit rating at A- with a stable outlook, alongside short-term ratings of S-1/Stable
At the turn of the year, Bulgaria is preparing to enter 2026 without an approved state budget
In Bulgaria, the common perception that investing is reserved for the wealthy remains widespread, but recent analysis by Freedom24 shows that households can begin investing with modest amounts of 50–100 BGN (approximately €25–50) per month
The three leading telecommunications operators in Bulgaria inject more than 640 million BGN (≈327 million EUR) annually into the development of networks and services
The euro has been in use since 1999 as a non-cash accounting unit and since 2002 as physical currency.
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence
