Bread Prices in Plovdiv to Rise by 15-22% After VAT Exemption Removal

• Bread prices in Plovdiv will increase by 15 to 22 percent following the removal of the zero VAT rate
• Galin Petkov, a grocery store owner, plans to update item prices soon
• In another store in Plovdiv, prices have already been updated, with a 17 percent increase for consumers according to owner Penka Mileva
• Mileva noted that despite stocking ten loaves of bread, they remain unsold, unsure if it’s due to the price increase
• Lazar Genchev, owner of the Plovdiv bakery Ritar, mentioned that the VAT removal had minimal impact on producers but increased operational costs
• Genchev explained that the VAT will be collected by the state, and maintaining prices without the increase would be illegal
• He highlighted that a popular product priced at 1.50 BGN will now cost 1.84 BGN, marking a 20 percent increase
• Currently, there are no plans to further increase prices despite the rise in minimum wage

Source: bta.bg

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

---

---