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Economy

Bulgarian potato growers fear drop in production due to higher farming costs

Producers of table potatoes in the country are facing serious difficulties due to high prices of consumables. A big problem for them is that the new programming period does not provide funding for table potatoes, but only for the varieties for processing. The country thus may remain...
Bulgarian potato growers fear drop in production due to higher farming costs
CITUB trade union seeks 10% increase in incomes for all in the budget sector from 1 July
CITUB trade union seeks 10% increase in incomes for all in the budget sector from 1 July
The Confederation of Independent Trade Unions in Bulgaria (CITUB) wants a 10% increase in incomes for everyone in the budget sector from 1 July, the trade union's president Plamen Dimitrov told...
Energy Minister: Bulgaria has not given up intentions to renegotiate Recovery Plan
Energy Minister: Bulgaria has not given up intentions to renegotiate Recovery Plan
Bulgaria has not given up intentions to renegotiate the plan for economic recovery from the pandemic, but the process will be difficult, Rosen Hristov, caretaker energy minister, said in Brussels...
Caretaker government launched a platform for monitoring the prices of basic food products
Caretaker government launched a platform for monitoring the prices of basic food products
Fines for over 1.5 million BGN have been imposed on various traders for unfair practices since the beginning of the checks targeting food price speculation, caretaker Minister of the Economy,...
National statistics: Bulgaria remains the poorest country in the EU in terms of GDP distribution
Bulgaria has the lowest per capita production of goods and services measured in money compared to the European Union. This is shown by the Gross...
Bulgaria's central bank successfully migrated to the new T2 wholesale payment system
The Bulgarian National Bank and the banking community in Bulgaria, together with the Bulgarian ancillary systems for customer payments in euro and...
CPC: The increase in food prices is unreasonably high
The rise in food prices is unjustifiably high. This is the conclusion of the Commission for the Protection of Competition (CPC) after a...
Financial experts: No risk to the stability of the banking system in Bulgaria
There is no risk to the stability of the banking system in Bulgaria, after the turbulence the financial industry is going through around the...
NRA reports revenue growth of nearly 13%
NRA reports revenue growth of nearly 13%
National Revenue Agency reported more than 6.4 billion BGN of receipts as at March 17, 2023....
Because of inspections at vegetable wholesale markets: many traders did not open their warehouses
Because of inspections at vegetable wholesale markets: many traders did not open their warehouses
Police and tax officials raid vegetables wholesale markets across the country. The reason for...
National statistics: Annual inflation rate is 16% in February 2023
National statistics: Annual inflation rate is 16% in February 2023
The National Statistical Institute reported a decrease in annual inflation. The annual inflation...
Ministry of Finance to propose 2023 Budget with 3% deficit, tax changes and spending cuts
Ministry of Finance to propose 2023 Budget with 3% deficit, tax changes and spending cuts
The Ministry of Finance prepares a draft Budget 2023 with a 3% deficit, tax changes and some...
Finance Minister asks ministries to cut spending by 20% over budget risk
Finance Minister asks ministries to cut spending by 20% over budget risk
Caretaker Finance Minister, Rositsa Velkova, on March 15 asked all other ministers to reduce the...
President of Romania arrives on an official visit in Bulgaria
President of Romania arrives on an official visit in Bulgaria
The President of Romania Klaus Iohannis arrives on an official visit to Bulgaria at the...
Public supplier "Bulgargaz" proposed lower prices of gas for April and May
Public supplier "Bulgargaz" proposed lower prices of gas for April and May
Bulgaria’s public supplier "Bulgargaz” proposed BGN 103.08 per MWh for the price of...
Economists: Food prices inflation has passed its peak
Economists: Food prices inflation has passed its peak
In 2022, the inflation was in energy commodities, since the beginning of this year this has...
Cost of holidays at Bulgarian Black sea coast projected to rise by 15% to 30% this year
Cost of holidays at Bulgarian Black sea coast projected to rise by 15% to 30% this year
A holiday on the Black Sea coast will be between 15 and 30% more expensive this year, a...
Irrigation water price hiked by 300%, farmers ready to protest
Irrigation water price hiked by 300%, farmers ready to protest
An urgent option is being sought to compensate farmers for the sharp rise in the irrigation...
Authorities to fight food prices speculation with electronic labelling
Authorities to fight food prices speculation with electronic labelling
In an attempt to crack down on profiteering, the government will try to regulate the path of...
Gross domestic product growth reported by NSI
Gross domestic product growth reported by NSI
The gross domestic product (GDP) for 2022, obtained as a sum of quarterly data, increases in...
Measures to tackle rising food prices: After outlet inspections, when will goods become cheaper?
Measures to tackle rising food prices: After outlet inspections, when will goods become cheaper?
At the latest within 6 months, the state's measures against the food prices speculation are...
Statistics: More than 75% of Bulgarians are having difficulties to cover daily expenses
Statistics: More than 75% of Bulgarians are having difficulties to cover daily expenses
More than 75% of the people in Bulgaria have difficulties to cover their daily expenses,...
Inspections in shops in Bulgaria find food price speculation
Inspections in shops in Bulgaria find food price speculation
There is food price speculation in the country. The caretaker Minister of Agriculture’s...
Finance Minister: Bulgaria will not adopt the euro in January 2024
Finance Minister: Bulgaria will not adopt the euro in January 2024
Bulgaria will not join the euro zone on 1 January 2024, caretaker Finance Minister Rositsa...
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