One of the largest cargo ships in the world docked for the first time at the Port of Varna, delivering 58,000 tons of rapeseed, BGNES reported. The shipment arrived from Canada and will be refined in Bulgaria. The delivery was made due to a shortage of raw materials and restrictions on imports from Ukraine.
Bulgaria has the capacity to process over 4 million tons of sunflower annually into oil, hulled seeds and meal. However, domestic sunflower production has never surpassed 2.2 million tons. As a result, processors import seeds from other countries—mainly from Ukraine, which is the world’s largest producer.
Due to the shortage of raw materials, Bulgaria’s processing industry is facing a crisis and the threat of shutting down production facilities. Once, Bulgaria ranked among the top five sunflower processors and exporters in the world.
The two largest trade unions in Bulgaria - the Confederation of Independent Trade Unions in Bulgaria and the Confederation of Trade Unions "Podkrepa" - are organizing a warning protest in front of the Council of Ministers building. It is planned for..
In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget. The measures include: reducing the municipal administration by merging municipalities;..
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil, Bulgarian Petroleum and Gas Association Chairman Svetoslav Benchev told BTA. "For now, I..
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