Modern Retail Association

There is an increased risk of drastic food price hikes in Bulgaria because of Government's actions against the modern retail chains. 

According to Yordan Mateev, executive director of the Modern Retail Association, the draft amendments to the Competition Protection Act would affect not only the retail sector, but all business activities. 

Socialist MP Kornelia Ninova announced that the concept of "substantial market power" would be introduced in Bulgaria's Competition Protection Act.

In a Thursday interview for bTV, Ninova explained that the Commission for Protection of Competition had been given 3 months to prepare the methodology and identify companies possessing substantial market power.