Financier Blames “Greedy Traders” for Driving Inflation in Bulgaria

Bulgarian Financier Levon Hampartzoumian criticized the effectiveness of state efforts to ease price pressures, commenting on the closure of government-backed stands dubbed "People Shop" offering cheaper goods. In his view, the initiative had limited impact from the outset. “‘People Shop’ is not a large-scale scheme… with a budget of 10 million leva, nothing substantial can be achieved,” he said, suggesting that only a small number of employees may have benefited through higher wages. ...