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Bulgaria's Minister of Agriculture does not expect food crisis in the country

published on 5/6/22 5:22 PM

Photo: BGNES

There is no danger that entire regions in the country will be left without bread, said Bulgaria's Agriculture Minister Ivan Ivanov during the National Fair of Sheep Breeders, which is held near the Peter and Paul Monastery near Arbanassi, close to Veliko Tarnovo.

The commentary came after a warning of the bread producers for possible bankruptcies and raising the price of bread by over 25%. With the budget update, the Ministry of Agriculture will insist that the VAT on bread and food be reduced from 20 to 9%. The problems are mainly due to the rising price of natural gas, but the state will find mechanisms to compensate producers.

Bulgaria is a net exporter of wheat. There is enough grain. The new harvest is expected to be very good, Ivanov explained.

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Radio Bulgaria News agriculture bread Ivan Ivanov prices wheat

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