Bulgaria’s Revenue Agency and Watchdogs to Monitor Traders During Euro Changeover

If traders attempt to unjustifiably raise prices during the transition to the euro, the National Revenue Agency (NRA) will detect it through discrepancies in VAT declarations. This warning came from the agency’s director, Rumen Spetsov, as he outlined a new joint initiative aimed at protecting consumers from speculative pricing. The NRA, together with the Consumer Protection Commission and the Commission for Protection of Competition, signed an agreement for coordinated actions to monitor the market throughout the currency changeover.

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