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.
In the next 3 to 5 years, Bulgaria will experience a shortage of more than 250,000 specialists with higher education. For the past 8 years, Bulgaria has missed the opportunity, which a number of EU countries have taken advantage of, to conclude an..
The Governing Council of the Bulgarian National Bank (BNB) has ordered banks in the country to apply a minimum set of 6 indicators for monitoring credit standards when granting and renegotiating loans secured by residential real estate . The aim is to..
Regional policies are needed to address imbalances in employment and economic activity levels in different regions of Bulgaria, taking into account the specificities of each region. This is the recommendation of the Council for Economic Analysis study..
Bulgaria will receive €65.2 million from the EU for a project to reinforce the electricity grid to better support the integration of renewable energy,..
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