Such a bill as the Euro Law on price regulation should not exist in principle, no one needs such a law. Traders can still raise prices - today, yesterday, said in an interview with the Bulgarian National Radio Nikola Yankov from the economic team of "Blue Bulgaria".
"Prices are still rising, but not because of the euro, but because of objective conditions, because of wage costs. When production costs rise, this is a direct reason for raising prices," he explained.
According to him, the unnecessary talk by opponents of the eurozone, including President Radev, that there is speculation, is increasing tension.
"Speculation occurs during war, when you have to feed 20 children with a kilo of flour. Speculation occurs when there is a shortage of goods, and we don't have it here. We have competition on the market, if we don't produce a good, it is available in other EU countries, the EU market with 500 million people is the most diversified market," he commented.
And he is convinced that:
"When we talk about speculation and inflation, expectations give rise to inflation. When we talk about raising prices, people shop in advance, there is overstocking and this wave leads to raising prices. We are causing our own inflation."
Nikola Yankov warned that the state cannot fight price increases with administrative measures, it can only raise prices:
"When traders do not set their own prices, but start with fines for raising prices, traders will withdraw the goods they produce as well. Profit is limited by competition, that's how it is in any market economy and there are rules."
Nikola Yankov was categorical that the only body that can monitor prices is the CPC:
"We need to talk about what is happening with the CPC, and not to prohibit traders from touching their prices, because one day we will be left without traders."
The combination of the CPC, the CPC and the NRA, which is to fight high prices, according to Yankov, is a PR move.
I have not heard that the CPC has become active, it is not the job of the NRA to deal with prices, but only the CPC, the CPC deals with the guarantee of goods. The CPC is the only body in Bulgaria. they have not united, this is a PR move by the government with PR.
"When you have a restriction of supply, you have a price increase. Nothing good will happen with the bill", warned the economist from "Blue Bulgaria".
He said that the most positive thing for the government is entering the eurozone:
"This is a strategic success and we should be happy that it happened. The rest is socialism, inertia in the budget, continued subsidizing of business, which is not right, we continue the policy of raising pensions and salaries in the state sector. We need to move to a completely new budget process that will balance it."