- Small bakeries cannot afford a 20% increase in bread prices, stated Georgi Stanchev from Veliko Tarnovo
- Georgi Stanchev, owner of a small bakery, mentioned that they can manage a price increase between 10 to 15% without affecting bread quality or employee salaries
- The bakery uses high-quality ingredients which have contributed to their customer base
- Current prices are three leva for 400 grams of bread and about four leva for 500 grams
- After recalculations, the price is expected to rise by about 10%, reducing their profit but keeping them competitive
- The bakery has been operational since 2017 and works with local shops and takes orders
- Bread making starts in the afternoon the day before to complete several fermentation cycles by the next morning
- Stanchev suggests a progressive VAT for staple foods with rates between four and 10 percent for flour and bread
- He argues that a 20% VAT rate is too high as it affects everyone in the production chain
- Lachezar Lazarov, owner of a large bakery in the Veliko Tarnovo area, mentioned that due to new VAT laws effective from January 1, prices at his factory will increase by 20%
- Lazarov noted that he cannot specify the exact increase as prices to the end consumer are determined by the retail chains based on the type and weight of the bread
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.
