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[BUSINESS] · Bulgaria · 4 sources

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Bulgaria to extend anti-inflation measures through autumn

Bulgarian Deputy Prime Minister Atanas Pekanov announced that the government will extend its measures to combat inflation through the autumn. Speaking during a parliamentary session, Pekanov acknowledged that price fluctuations since the start of the year have been alarming and remain a top priority for the cabinet.

Pekanov noted that while some administrative and regulatory measures have been effective, others have not met expectations. He emphasized the need for more active involvement from regulatory bodies and pointed out that as a market economy, the state's ability to influence prices is limited by external factors, such as geopolitical instability and oil prices.

Additionally, Pekanov addressed the country's relationship with the European Commission, stating that Bulgaria conducts annual consultations regarding its budget policy, regardless of its status within the eurozone.

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Atanas Pekanov · Bulgaria · European Commission · Vazrazhdane

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