Bulgaria: No increase in the price of bread is expected

Published 2023년 1월 3일

Tridge summary

Bulgaria will continue its policy of exempting VAT on bread for 2023, resulting in a 17-20% reduction in bread prices. The bread market remains stable with no price changes, as large retail chains control 85% of the market. Only a few bread producers, making up 2-3%. are still adjusting their assembly lines to the new conditions. No quality complaints have been reported, and there's no immediate risk of bread producers withdrawing from the market.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

"The introduced single strongest social measure in the recent history of Bulgaria - zero VAT for bread, will continue this year as well. This lowered bread prices between 17-20%," said Mariyana Kukusheva, president of the National Union of Bakers and the confectioners. And he specified that the bread market is calm and the price has not changed, referring to the large retail chains that hold 85% of the market. "We do not expect an increase in the price of bread - there is no 20% on the delivery price, and secondly - the price of the raw material is calm," she told BNR. Kukusheva emphasized that no more than 2-3% of bread producers continue to work on gas. They wait for their ...
Source: Dnes

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