“We want to be a partner to the government and part of the dialogue on economic measures, but we fear that some of the proposals may have a ‘negative effect on the rules of the market economy,’” said Ivan Mihaylov in a conversation with Ani Baldjian on Euronews Bulgaria’s program “Good Morning, Europe.”
The reason for his appearance was the joint position of 11 bilateral chambers of commerce regarding economic measures against high food prices in retail chains.
Mr. Mihaylov also marked, that the business community understands the government’s desire for greater transparency but warns of risks to the market environment. It also acknowledges that the government is facing inherited problems and has limited capacity for rapid response and decision-making.
The main disagreements concern the approach to retail chains, as there is a provision under which retailers are presumed guilty and must prove their innocence. There are also concerns regarding the disclosure of commercial information, coupled with excessive administrative burdens.
The problem of high food prices must be addressed across the entire supply chain – from the producer through wholesalers and retailers to the store shelf and the end consumer. We are now witnessing yet another focus on large retail chains.
Regulatory authorities must more effectively enforce existing control mechanisms before imposing new restrictions. Inflation and rising prices are not caused by the introduction of the euro itself, but are the result of a combination of economic factors.
The budget deficit is a “bad sign” for investors, especially following the country’s accession to the eurozone.