The discussion in Brussels on setting a limit to agricultural subsidies has created opposition between Bulgarian farmers. Grain producers have threatened to protest with tractors in front of the ministry of agriculture if the caretaker minister supported the reform. If he did not support it, stockbreeders would protest with their animals.
Reducing payments to 60,000 euros and setting a limit of 100,000 euros per farm are being discussed in the European Agriculture and Fisheries Council. According to Bulgarian grain producers cultivating more than 500 hectares each, this is unacceptable and would cause damage to the sector. However, stockbreeders call for the introduction of limits as according to statistics, 8% of Bulgarian grain producers collect 80% of EU subsidies.
On October 31, 2024, 10 business leaders in Bulgaria founded the first Bulgarian-Czech Chamber of Commerce in the country. At the Embassy of the Czech Republic in Sofia, in the presence of Martin Dvořák, Minister of European Affairs of the Czech..
In the space of 15 years, from 2005 until 2020, 75% of the farms in the country have disappeared – from 500,000 in 2005 down to 132,000 in 2020, said Prof. Dr. Bozhidar Ivanov, Director of the Institute of Agrarian Economics at an international..
In October 2024, the total business climate indicator decreased by 5.6 percentage points compared to September, dropping from 22.5% to 16.9%. The index declined in all monitored sectors, the National Statistical Institute announced. In industry, the..
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the..
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