Because of the drought, Bulgaria reports lower yields of corn and sunflower in 2020, the Ministry of Agriculture has reported.
Just over 2.8 million tons of corn were produced on 572,417 hectares. The average yield of corn is 494 kg per decare. In 2019 corn harvest was over 3.1 million tons, with an average yield of 684 kg per decare. Because of the spring drought, the biggest decline in yields is seen in the eastern regions of Bulgaria - an average of 50 percent.
Harvested sunflower for 2020 is over 1.6 million tons from 809,563 hectares. The average yield for the country is 203 kg per decare. In 2019, the total harvested amount reached 1.7 million tons, with an average yield of 230 kg per decare, BTA reported.
The Bulgarian National Bank has lowered the base interest rate for the second consecutive month. As of August 1, it stands at 3.53%, down from 3.63% in July. Since the end of 2023, the base interest rate has been gradually falling. From February..
Moody's expects Bulgaria to join the Eurozone no later than the beginning of 2026. According to the rating agency, the growth of the Bulgarian economy in 2024 will be 2.9%. The ongoing domestic political crisis and the likelihood of new early elections..
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..
Mostly Cloudy
Partly cloudy, chance of rain
Partly Cloudy
sunshine, cloud, rain and thunder