The Euro Law, which is due to come into force on August 8, was adopted on second reading. Will it become cheaper in stores after it and why do traders fear that it could serve as a bludgeon against them? The leader of the non-parliamentary party "Bulgaria Can", economist Kuzman Iliev, made a comment on the topic on BNT. He is categorical that the adopted measures are not good and will not lead to economic growth or a reduction in prices.
“Prices are formed depending on how much money there is in the economy, what is produced. The problem is that there is a lot of money printed by the European Central Bank, that there is a deficit that brings additional money into the system and that we produce less and less because Bulgaria pays some of the highest electricity prices”, he explained.
Kuzman Iliev: The measures in the Euro Law are not good. They will not lead to economic growth or a drop in prices
"Prices are formed depending on how much money there is in the economy, what is produced. The problem is that there is a lot of money printed by the European Central Bank, that there is a deficit that brings additional money into the system and that we produce less and less because Bulgaria pays some of the highest electricity prices," he explained.
Jul 30, 2025 20:24 211
