People's concerns about the introduction of the euro are no longer related to recognizing the new currency, but to the price hike and the lack of clarity about income. This was stated by the Chairperson of the Economic and Social Council Zornitsa Rusinova in the “Interview in NOVA News”.
According to her, the transition to the euro is proceeding calmly and without shocks. BNB data shows that 75% of the leva in circulation have already been withdrawn, which is a clear sign that people have accepted the new currency. The dual price display will continue until August 8. Within six months, citizens will be able to exchange their savings without fees and commissions in banks and post offices, and in the BNB forever.
Nevertheless, prices remain the main source of public tension. Rusinova emphasized that the trend of price increases is not new and has been observed since last year. Inspections by the National Revenue Agency, the Competition Commission and the Competition Commission continue, with citizen activism and reporting being key to limiting unfair practices. “The findings show that the main reason for the price increase is the growth in delivery prices”, she explained. According to Rusinova, more serious coordination between institutions is needed in order to achieve a real decrease.
The Chairman of the Economic and Social Council also commented on the ambiguities surrounding the budget. The extended budget is in effect until the end of March, but there are indications that it will be in effect longer. The European Commission report is expected in the spring, which will be decisive for the risk of an excessive deficit procedure. Rusinova stressed that the financial picture is not entirely negative - the country's credit rating is improving. "People and businesses need predictability," she stressed.
The expert added that some of the fears from the beginning of the year have already been disproved. According to Rusinova, however, more targeted measures are needed to overcome speculation, as the feeling of such practices still remains.