- Bread prices in Montana will increase by 20-25% due to the removal of the zero VAT rate
- BTA correspondent in Montana, Tsvetomir Tsvetkov, reports on the expected price hike
- Valeri Krustev, owner of the largest local bread production company Valka, announced the price increase
- Currently, Valka sells a 600-gram loaf of bread for 1.30 leva, expected to rise to about 1.60-1.70 leva
- The zero VAT rate on bread was introduced in 2021 as a COVID-19 measure and its removal is causing the price increase
- About 20 years ago, Montana had around 20 local bread producers, now only two remain
- Much of the bread consumed in Montana is now brought in from Sofia, Lom, and other locations
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.
