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.
For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..
Natural gas prices are expected to decrease by around 2% in September, according to a forecast by Bulgargaz. This is clear from the request submitted to the Energy and Water Regulatory Commission (EWRC). The company informs that next month, the..
The unemployment rate in Bulgaria stood at 5.41% in July, the National Employment Agency says. 152,844 is the number of unemployed persons registered last month, and 14,542 started work. An increase in the number of job vacancies has been..
The European Bank for Reconstruction and Development (EBRD) has slightly lowered its growth forecasts for the regions in which it invests. Bulgaria's..
Clear
Partly Cloudy