The annual food inflation is 24.5% for January, Minister of Agriculture in the caretaker government Yavor Gechev announced at a press conference on the measures aimed at curbing the high prices of food in chain stores. The peak was reached in November when the rate reached 26.1%. Inspections ascertained unexplainable margins for some products such as eggs, butter, cheese etc. With the use of unfair practices, chain stores are encouraging consumers to buy at inflated prices. For example, the price of some commodity is advertised as being "the lowest only today”. In practice, the price is neither the lowest, nor only today, it is 20-30% higher than at rival stores.
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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