Association for Modern Trade

Retail trade stands as the second largest employer in Bulgaria, ranking among the top three sectors with the highest number of job vacancies currently available. According to national statistics, the sector contributed 8% to the gross domestic product last year, and its companies are significant contributors to the country's tax revenues.

Retailers in Bulgaria are gearing up for the introduction of the euro, with double price labeling in BGN and EUR expected in stores starting March, NOVA NEWS reports.

Retail chains in Bulgaria are actively preparing for the transition from the Bulgarian leva to the euro. Nikolay Valkanov, the executive director of the Association for Modern Trade, stated on Nova TV that ongoing discussions with relevant departments are focused on coordinating activities associated with the euro's introduction.

Another angry open letter was sent today by the Association for Modern Trade (MTA) , an organization that brings together some of the largest food and non-food retail stores in Bulgaria. It once again notes that the decision of the authorities not to open from April 1 the large non-food stores is detrimental to their business.

Six of the largest retail chains in Bulgaria - Billa, dm, Kaufland, Lidl, Mr. Bricolage and T MARKET have invested BGN 16, 5 million in environmental sustainability in the last year alone. Separately, they have donated over BGN 1 million to support over 50 social initiatives, driven by the drive to improve the lives of people in Bulgaria.

50-75% of the turnover of big retail chains in Bulgaria is generated by Bulgarian products, according to the Association for Modern Trade (AMT).

The turnover generated by Bulgarian products is provisionally estimated at around BGN 5 B a year, according to reports of the AMT, an NGO including retail chains operating in the country.