Bulgaria: With the zero rate of VAT on bread, the shadow economy disappeared

"There are prerequisites to keep it, because 3 years since this rate was adopted, the market of bread and bakery products is much more stable. The black economy has almost disappeared from our industry. Consumers get our products at a good price. The most important thing is stability in the industry. The other important thing is that small and medium-sized enterprises have come to light, they are now working normally," said the chairman of the Bread Producers' Association, Dimitar Ludiev, for "Bulgaria morning". He clarified that if a higher VAT rate is imposed from next year, it means more expensive bread. "When the zero rate was adopted, all correct producers reduced their prices by 20%. Now, if a rate of 20% is adopted - the price will jump by exactly that much. In the EU, almost all countries have either a lower or a zero rate." Ludiev added on the air of Bulgaria ON AIR. The guest appeals to consumers to be careful and read the labels. "I don't think there will be Ukrainian ...