{"id":200778,"date":"2025-06-20T20:33:09","date_gmt":"2025-06-20T20:33:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/200778\/"},"modified":"2025-06-20T20:33:09","modified_gmt":"2025-06-20T20:33:09","slug":"top-bulgarian-official-says-hell-intervene-to-stop-food-price-spikes-before-eurozone-entry-politico","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/200778\/","title":{"rendered":"Top Bulgarian official says he\u2019ll intervene to stop food price spikes before eurozone entry \u2013 POLITICO"},"content":{"rendered":"<p>&#8220;[Spetsov] threw some crazy numbers up in the air and scared people. He suggested that prices are being raised across the board. That&#8217;s not the way to do it. The only way for prices not to rise is competition,&#8221;\u00a0said  Bozhidar Bozhanov, a co-chair of the &#8220;Yes, Bulgaria&#8221; party, cited by <a href=\"https:\/\/www.mediapool.bg\/db-shefat-na-nap-spetsov-e-aktyor-v-seriala-peevski---premier-news372456.html\" target=\"_blank\" rel=\"noopener\">Mediapool<\/a>. <\/p>\n<p>Still, Democratic Bulgaria is itself also fully alive to public fears over prices and has proposed a bill that would improve price transparency, effectively compelling big retail business to publish the price of their products on a daily basis.<\/p>\n<p>To\u00a0avoid a spike in\u00a0inflation, EU economy commissioner Valdis Dombrovskis also supported closely monitoring prices, calling for the \u201cnam[ing] and sham[ing]\u201d\u00a0of businesses that use euro accession as an excuse to raise prices. <\/p>\n<p>More broadly, the EU is disputing the claims that eurozone accession will lead to substantially higher prices in the medium-term.<\/p>\n<p>\u201cIn recent cases [of eurozone accession], inflation has been minor, somewhere between 0.1 percent and 0.3 percent. And that&#8217;s more than offset in the medium term by lower interest rates, lower currency conversion costs, better price transparency,\u201d the EU\u2019s economy commissioner Dombrovskis told reporters in Luxembourg on Thursday evening.<\/p>\n<p>He added that he would work with Bulgarian businesses to ensure that they \u201care not using introduction of the euro as an excuse to increase prices.\u201d<\/p>\n<p>\u201cThat\u2019s something we need to be vigilant and to ensure that protocols, preparations and price monitoring are there,\u201d Dombrovskis continued.<\/p>\n<p>Eurozone finance ministers approved Bulgaria\u2019s accession on Friday.<\/p>\n","protected":false},"excerpt":{"rendered":"&#8220;[Spetsov] threw some crazy numbers up in the air and scared people. He suggested that prices are being&hellip;\n","protected":false},"author":2,"featured_media":200779,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[13489,51,3378,1700,474,476,478,1215,2452,16,15,12923,6507],"class_list":{"0":"post-200778","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-bulgaria","9":"tag-business","10":"tag-currency","11":"tag-economy","12":"tag-finance","13":"tag-inflation","14":"tag-interest-rates","15":"tag-luxembourg","16":"tag-media","17":"tag-uk","18":"tag-united-kingdom","19":"tag-valdis-dombrovskis","20":"tag-water"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/200778","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=200778"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/200778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/200779"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=200778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=200778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=200778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}