PM Radev: Bulgaria Will Not Set Prices but Must Protect Consumers and Producers

Bulgarian Prime Minister Rumen Radev said the government has no intention of intervening directly in the market by imposing prices, but stressed that the state has a responsibility to ensure effective regulations and oversight mechanisms amid rising consumer costs and declining purchasing power. Speaking during a discussion with trade unions, employers, business representatives, and industry organizations focused on high prices in Bulgaria, Radev said food costs are influenced by a combination of international and domestic factors. According to him, issues such as energy prices, fertilizers, electricity, and insurance are beyond the government’s direct control and were not the central focus of the meeting....