In the first half of 2022 Bulgaria imported ten times more lamb and mutton than it exported, according to statistics from the Ministry of Agriculture. Imports of lamb are more than 70% higher than in the same period of the previous year. A total of 1102 tons of mutton and lamb were imported in the first six months of this year.
A large part of imports was from EU member states, but 351 tonnes came from North Macedonia. According to the co-chairman of the sheep breeders' association Simeon Karakolev, this is the origin of the cheap lamb, which the branch association warned at Easter was crashing the Bulgarian lamb market. The rest of the imported meat is not lamb, but mutton, which is not traded directly on the market, but enters the meat processing industry, probably as an undeclared substitute for veal in the composition of sausages, the industry says.
Although Bulgaria is a country with a very long tradition in sheep breeding, in the first half of this year the production amounted to 112 tonnes of mutton and lamb, which is the lowest amount recorded for the same period of the last three years. The figures confirm claims made by farmers at the start of the year, who said that when comparing the number of sheep with the number of Bulgarians, the country's livestock farmers were producing just 150-200 grams of lamb per capita.
The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer Allianz Trade, BTA reports. According to Allianz this means that the Bulgarian economy will become..
With the introduction of the euro on January 1, Bulgaria will benefit from the stability, liquidity and all the advantages of the common currency, European Central Bank President Christine Lagarde said in an interview with public service..
The Ministry of Innovation and Growth has presented the country’s first interactive investment map . The platform aims to provide Bulgarian and foreign investors with useful and up-to-date information in one place, making it easier for them to make..
In 2024, 8.2% of people aged 18 or over who declared to be at work (either employed or self-employed) in the EU were at risk of poverty, according to..
Citizens should remain calm about the introduction of the euro in Bulgaria from January 1, 2026, as the Bulgarian National Bank and commercial banks are..
Bulgaria’s Ministry of Finance has published the draft state budget in euros for 2026. The country’s GDP is projected to reach EUR 120.1 billion, with..
+359 2 9336 661