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.
According to the European Commission's spring economic forecast for this year, inflation in Bulgaria is expected to reach 3.1 % in 2024 and 2.6 % in 2025 . The anticipated downtrend in external prices is expected to limit inflation in both energy and..
In March 2024, 1,518 people in Bulgaria had deposits of more than BGN 1 million, while in March 2023, 1,277 Bulgarians had such deposits, according to the latest BNB data. Deposits between BGN 200 thousand and BGN 500 thousand grew the most..
In the first quarter of 2024, the country’s real GDP growth is expected to accelerate, which is a prerequisite for similar annual dynamics, the Bulgarian National Bank said in its regular economic review. The GDP growth is mainly due to the..
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