site.btaCreation of "People’s Store" Not Discussed by Council of Ministers on Wednesday

The Council of Ministers did not consider the establishment of a sole state-owned joint-stock company named “People’s Store” at its regular session on Wednesday. The agenda item had been withdrawn, the cabinet’s press office told BTA.

The meeting agenda, sent to the media on Tuesday, included a draft decision for the formation of the sole state-owned joint-stock company “People’s Store” JSC - Sofia, as well as a draft decree approving amendments to the 2025 budget of the Ministry of Agriculture and Food related to the establishment of the company. The drafts were submitted by the Minister of Agriculture and Food.

In March, the National Assembly approved a proposal for the creation of a state-owned company that would operate a chain of stores selling goods only from Bulgarian producers. The proposal was submitted by MRF-New Beginning. Under the proposal, the company would have a capital of BGN 10 million, with the Agriculture and Food Ministry holding ownership of the capital. The company would operate a chain of stores offering food and other essential products, primarily from Bulgarian producers, with a mark-up of up to 10%.