Balgarianovinite.com Interviewed by Nova TV on Sunday, Deputy Prime Minister Atanas Pekanov said VAT for the tourism sector will not be reduced. In his words, this is the right decision because the sector has received considerable concessions.
“After the COVID years, they were given assistance, and what did they do? In 2026, when Bulgaria introduced the euro, they took advantage of it in the worst possible way, citing the war and the euro [as justification],” the Deputy Prime Minister said. He added that they had not incurred additional costs that would justify raising prices.
Pekanov identified the services sector as the second sector with the largest price increases in July and August. He said Bulgarian traders had not acted properly because they had taken advantage of the country’s entry into the euro area and raised prices in a way that disadvantaged Bulgarians.
“It is not normal for restaurants in Italy, Austria and Spain to have prices that are, in part, the same as in Bulgaria,” Pekanov said. He does not consider it normal to see more or less similar prices in a restaurant in Sofia and in Vienna. “The sector is putting its overall performance at long-term risk,” the Deputy Prime Minister said. With these decisions, the tourism sector has put the economy at risk and should cut prices in nominal terms for the next season, he said.
Asked whether he still considered the introduction of the euro to be the right decision, Pekanov said that in the long term, this was the right process. “But it did not happen in the right way, especially in terms of prices; it was carried out in the worst possible way, and this is not good,” he said.
According to Pekanov, the situation with inflation and prices in Bulgaria is alarming: “It is no coincidence that this was one of the first issues the government tackled from the outset.” He said, however, that the situation remains difficult. Annual inflation is rising again and stood at 5.1% in August [according to Eurostat]. Transport prices are increasing, mainly due to oil prices, over which the government does not have full control, Pekanov said, adding that the Cabinet would intervene where it can through soft measures.
Official statistics show that food prices have fallen since May, the Deputy Prime Minister said, recalling that following talks with supermarkets, they had agreed to reduce some prices. Pekanov said that the Care Basket initiative was having an effect.
He recalled that regulatory changes had been made and said that over the years he had repeatedly criticized the Commission for Consumer Protection and the Commission for Protection of Competition for not doing enough. Measures will be taken to strengthen quality controls and regulations, and institutions that have failed to do their job would need to undergo changes, he said.
As regards the 2027 budget, Pekanov said that throughout September, the Finance Ministry would meet with all ministries.
Deputy PM Pekanov Says No VAT Cutback for Tourism Sector 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-09-06 08:31:00
Latest news World news Country news Most important news latest news most important latest of the day Justice Petar Nizamov Feathers Petar Nizamov- Feathers Justice bg iustitia.bg iustitia iusticia usticia investigation Burgas Bulgaria news news of the last hour news of the day news of today Bulgaria news The news from Bulgaria blitz news top news most important most commented latest news Boyko Borisov news weather coronavirus news news weather facebook youtube facebook instagram news today news of the last minutes news today today news news bg news leading news hot news bg news site for news all news news bg news of the last hour latest latest news bg news of today news today news today news of the last hour latest news today news bg news news 24 hours news vesti bg novini news world bird bg bivol bg bivol trud bg novini latest news today novinite bg news hello bulgaria political party coat of arms delyan peevski scandalous Bulgarian National Television Free Europe Television scandal exclusive live tv live right now tv tv online tv program bg live now tv news online tv online live court Burgas court Burgas district court Burgas court Burgas district court Burgas district court Burgas appellate court Burgas prosecutor Burgas prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Burgas district prosecutor’s office Prosecutor General Ivan Geshev Prosecutor Geshev Tsatsarov Ministry of Internal Affairs Burgas ODMR Burgas ODPR Burgas police Burgas district police Burgas prosecutor Tsatsarov SGS cases Varna court chairman of the SGS court decisions on civil cases decisions on cases Plovdiv court decision of the court decisions cases Varna court criminal cases district district court decisions work in the court SGS chairman of the SGS judges Sofia court post judges Plovdiv court Plovdiv judges Plovdiv Supreme Court Inspectorate Supreme Court Supreme Judicial Council lawyer lawyer criminal cases lawyer civil cases lawyer marriage cases lawyer administrative criminal law criminal process civil law civil process administrative law constitutional law
БЪЛГАРИЯ НОВИНИТЕ – ИНФОРМАЦИОННА АГЕНЦИЯ 2009-2026 2026-09-06 08:31:00
Leave a Comment