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Large chain stores are ready for the euro

The adaptation period will take between 3 and 6 months

Oct 5, 2024 08:00 282

Large chain stores are ready for the euro  - 1

To a significant extent, the large retail chains are ready for the introduction of the euro, reported the Association for Modern Trade, which unites 750 the site for the sale of food and household goods throughout the country. In front of journalists in Vratsa, the association predicted that after the announcement of a possible date for our country's admission to the eurozone, it will take 3 to 6 months for the chains to be fully ready for the new currency.

The large retail chains are actively preparing to work with the euro, said the chairman of the Association for Modern Trade Nikolay Vulkanov: "The responsibility of the merchants is very great. The cash in the economy in municipalities will pass through us within 1 month.

Large retailers are already implementing the accepted rules for prices and labels in their IT systems, the BNR specifies.

"We expect no shocks. In the case of larger chains, there cannot be a single drop of doubt about any abuse, since there things will be largely software based, i.e. in currency conversion. there will be no human factor writing on the labels.

Valkanov added that guidelines for advertising materials are also being prepared so that the user is not misled.

"Companies need between 3 and 6 months to fit all the technical specifications that are needed, IT... They are preparing hard. They've had teams dealing with and monitoring these processes for years anyway, so the commercial sector is largely prepared and will be fully prepared when such a decision is eventually made.