Balgarianovinite.com The Movement for Rights and Freedoms – New Beginning plans to submit to the National Assembly a bill on maximum price markups. The aim of the proposed legislation is to tighten control over the prices and markups of essential products until the end of 2026, in connection with the ongoing transition to the euro as the official currency in Bulgaria, and to protect end-consumers from profiteering attempts and unfair commercial practices, the party said in a press release on Wednesday.
The bill foresees the adoption by the Council of Ministers of a consumer basket, which includes basic food products and goods such as flour, bread, milk, sugar, rice and others, and the introduction of a 20% ceiling on markups for these products between the producer or importer and the end-consumers.
The bill notes that similar models are applied in most other European countries, including Germany, France, Greece and Spain.
Enforcement against violators will be carried out by the Commission for Protection of Competition, the National Revenue Agency and the Consumer Protection Commission, with fines for offenders proposed to range from EUR 5,000 to EUR 20,000.
The draft law is primarily aimed at supporting and protecting socially vulnerable groups – pensioners, families with children and low-income households, for whom food expenses exceed 50% of monthly income.
On Tuesday, the head of Bulgaria’s newly established Coordination Centre for the Euro, Vladimir Ivanov, said that violations were found at around 7% of all outlets inspected in connection with the introduction of the single currency. National Revenue Agency Executive Director Hristo Markov said: “The percentage of penalties imposed during inspections related to the introduction of the euro in Bulgaria gives us reason to assume that things are developing well, meaning there are no widespread violations.” MRF-New Beginning Proposes Legislation on Maximum Price Markups 2026 THE NEWS FROM BULGARIA – NEWS AGENCY 2009-2025 2026-01-07 08:06:00 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