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Bulgaria is among the largest producers of lavender oil in the world. Nearly 100% of it is export-oriented. The highest demand is in the USA, Germany, France, Austria, The Netherlands, India, Great Britain, Spain, Canada, Marocco, Jordan and China. A Bulgarian company, registered in Vratsa, which takes care of over 110 hectares of plantations near the village of Furen, is among the well-known producers. The company has closed the production cycle - from planting to harvesting, processing and packaging of the finished products.
"Our company's business is focused on a product that meets the European requirements for quality, has low production cost and achieves high competitiveness on the market," says Merilin Georgieva, whose family is the first producer of lavender oil in northwestern Bulgaria.
The World Bank predicts a more moderate improvement in Bulgaria's economic growth in 2024 and 2025. In its latest report "Global Economic Prospects" the institution expects a slight acceleration in Bulgaria's GDP growth from 1.8% in 2023 to 2.1% in..
Bulgaria is interested in participating as a co-shareholder in the initiative to create a "green" corridor for the transmission of "green" energy produced in Azerbaijan to Europe, caretaker Premier Dimitar Glavchev said at a meeting in Berlin with the..
While ballots were being counted in Bulgaria and Europe after the parliamentary elections, on June 10 the Ministry of Finance sold government debt for nearly EUR 200 million. It was announced that bonds worth 100 million EUR would be..
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