It was a hard weekend. Long queues formed in a number of Bulgarian supermarkets. The reason: cheap cooking oil. Following what had been a steep price hike, many people hurried to buy it at a discount. The crowd even caused accidents. On Sunday, Finance Minister Assen Vassilev explained the rise as an attempt to manipulate the market. He described it as an "organized" action and added that the Commission for Protection of Competition will have to determine whether retailers are selling cooking oil at preannounced consumer prices.
Bulgargaz seeks 58% rise in gas price in April
State-owned company Bulgargaz wants a record 58% increase in natural gas prices from April, according to an official document published on the website of the Energy and Water Regulatory Commission. If the regulator approves the request, the price of one megawatt-hour will increase from the current 113.73 levs to almost 179.36 levs. A final decision on household electricity and heating prices will be taken by April 1.
Exports up 31% in January, reaching 6.3 bln levs
Exports of goods continue to grow for the 12th month in a row, increasing by 31% year-on-year in January, according to data from the National Statistical Institute. However, the statistics are based on the monetary value of the products sold abroad, not on their quantity. Therefore, the growth is partly due to higher prices. In January 2022, the total value of all exported goods to third countries and the EU amounted to 6.23 billion levs, while the total value of all imported goods amounted to 7.6 billion levs and grew by 51.2% y-y.
Bulgarian football clubs got 29 mln euro over five years in transfers
Bulgarian football clubs have received a total of 29 million euros from international transfers over the past five years, according to an analysis by the International Center for Sports Studies (CIES). The data show that since July 2017, Bulgarian teams have spent 32 million euros. Revenue from the sale of players amounted to 61 million euros.