The question is to do it faster, explained AIKB chairman Vasil Velev
Food prices and minimum wage parameters worry businesses. “As of January, we have a 20% increase in the minimum wage, this cannot help but affect inflation, they are included in the cost of manufactured goods and services.
Faster entry into the Eurozone is in everyone’s mid- and long-term interest. For this purpose, we have to suppress inflation, this is a criterion by which we do not meet the requirements”, commented AIKB chairman Vasil Velev.
An appeal has already been made to businesses to reduce prices. Velev’s predictions are that this will happen.
“1/3 of the costs are for labor, the other 2/3 are for energy and raw materials, and they went down. There will be a drop in prices, the point is to make it happen faster.
That’s why we support the actions of the government, although they remind of the years of planned economy. We expect a more serious decrease in inflation for February and March,” Velev also told Bulgaria ON AIR.
He called for administrative measures to be taken and “to highlight bad practices – cartel price increases and to have sanctions”. He added that a cartel is difficult to prove, but will is needed.
His calculations show that our country starts 2023 with BGN 6 billion behind.
“We received an advance of 3 billion under the Recovery and Sustainability Plan, we invested less than 100 million, we spent the rest on pensions, now we have to return these 3 billion for pensions, so that they go to their intended purpose under the PVU and another 3 billion yes let’s give again for the same part for the increase in pensions.
These 6 billion can come from an expensive loan. We have to assess how far the carpet extends to us if we don’t want to get to the Greek scenario,” Velev said.
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