Because of the drought, Bulgaria reports lower yields of corn and sunflower in 2020, the Ministry of Agriculture has reported.
Just over 2.8 million tons of corn were produced on 572,417 hectares. The average yield of corn is 494 kg per decare. In 2019 corn harvest was over 3.1 million tons, with an average yield of 684 kg per decare. Because of the spring drought, the biggest decline in yields is seen in the eastern regions of Bulgaria - an average of 50 percent.
Harvested sunflower for 2020 is over 1.6 million tons from 809,563 hectares. The average yield for the country is 203 kg per decare. In 2019, the total harvested amount reached 1.7 million tons, with an average yield of 230 kg per decare, BTA reported.
The financial situation in the country is critical, Finance Minister Temenuzhka Petkova says. Which means that the good news – the slowing inflation rate (on an annual basis) and Bulgaria’s full accession to the Schengen area at the beginning of the..
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..
On January 27th, government securities for 150 million euros (300 million leva) will be offered on the domestic market , the Bulgarian National Bank (BNB) announced. The bonds will have a maturity of 7 years and an annual interest rate of 3.25%. On..
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