Sanctions for unjustified price increases have begun to be imposed, the government information service announced. The transitional period, during which institutions were limited to prescriptions, has ended. Effective checks are already underway, it became clear at the meeting of the Euro Mechanism, convened by Prime Minister Rosen Zhelyazkov.

The atmosphere in the hall where the meeting took place was tense. The main focus was placed on protecting consumers and ensuring stable prices in the conditions of transition to the euro. The discussions, reflecting the importance of the moment, emphasized the need for strict compliance with legal provisions.

The inspectors are focused on essential goods. They require full information on the reasons for any established price increase. Over 250 traders across the country are subject to checks. Currently, 65 cases of unjustified price increases have been identified, and the sanctioning process is already underway. Prime Minister Zhelyazkov emphasized the importance of complying with the provisions of the Law on the Introduction of the Euro and ordered the strengthening of inspections, the government press service reports.

The National Revenue Agency (NRA) will report on the imposed sanctions within the framework of the Euro Mechanism, after all data is summarized. The Consumer Protection Commission (CPC) also monitors price developments and processes the information provided by traders through the "How much does it cost" platform.

At today's meeting, the progress of the communication campaign for the euro was also reported. Over 420 conferences and information events have been held. They are aimed at local authorities, citizens, businesses and vulnerable groups throughout the country, both in regional centers and in smaller settlements. A large part of the ministries organized and participated in thematic conferences and events that examined the effects of the introduction of the euro for the respective stakeholders, their number reaching nearly 90.

A positive trend is observed in public attitudes regarding the adoption of the single European currency. This is the result of the government's overall approach. With the increase in awareness, the proportion of Bulgarian citizens who support the introduction of the euro is increasing. This is a clear indicator of the direction and sentiments in society, it is emphasized in the announcement from the Council of Ministers.

From October 9, the state imposes fines on traders who violate the Law on the Introduction of the Euro. The sanctions are for unjustified price increases, incorrect currency conversion and lack of double labeling. For a first violation, the fine is up to 7,000 leva, and for a repeated violation, it can reach up to 14,000 leva.