Tobacco producers from Kirkovo municipality in the Rhodope Mountains, South Bulgaria, refuse to sell their tobacco due to the low prices offered by the purchase companies. The average price of the produce in that region is below EUR 2.5 per kilogram tobacco. According to the mayor of Kirkovo municipality, the price does not correspond to the quality of the tobacco, but the purchase companies set their own quality and price. Most of the quantities produced in Kirkovo municipality were not subject to preliminary contracts. Nearly 1,000 families live on tobacco growing in that Bulgarian region. In 2015 just over 950 tons of tobacco was produced in Kirkovo municipality.
All non-household consumers will be compensated for the high cost of electricity by the end of the year, the government has decided. The European Commission has given the green light for the subsidy, the energy minister said. According to..
The Romanian National Company for Road Infrastructure Administration (CNAIR) has announced a tender for a feasibility study for the construction of a new bridge over the Danube River between Giurgiu in Romania and Ruse in Bulgaria, reports..
Japan's Sumitomo Electric Bordnetze plans to cease operations at one of its factories in Bulgaria, located in Mezdra, by 2025. Its second factory in Karnobat will continue to operate at reduced capacity, BTA reported. The decision comes as the company..
The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests. Bulgaria's..
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