Despite the bad harvest in 2020, the potential for the export of wheat is good, indicates an analysis by the Centre for Agri-Policy Analysis CAPA. The forecast is that by next summer Bulgaria will have sold 3.7 million tons of wheat abroad. This is the lowest export level since 2015. The wheat harvested, according to CAPA is 5.2 milliion tons – at an average yield of 4.3 tons.per hectare. The Ministry of Agriculture estimates the amount of wheat harvested at one million tons less that the above figure, writes sinor.bg.
The maize harvest is expected to be 6.85 tons per hectare or 3.8 million tons, which is 3% down compared to 2019. Maize production will be down by 19% compared to the amounts over the past 5 years.
The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..
Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the..
While ballots were being counted in Bulgaria and Europe after the parliamentary elections, on June 10 the Ministry of Finance sold government debt for nearly EUR 200 million. It was announced that bonds worth 100 million EUR would be..
The Bulgarian National Bank (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate..
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