The discussion in Brussels on setting a limit to agricultural subsidies has created opposition between Bulgarian farmers. Grain producers have threatened to protest with tractors in front of the ministry of agriculture if the caretaker minister supported the reform. If he did not support it, stockbreeders would protest with their animals.
Reducing payments to 60,000 euros and setting a limit of 100,000 euros per farm are being discussed in the European Agriculture and Fisheries Council. According to Bulgarian grain producers cultivating more than 500 hectares each, this is unacceptable and would cause damage to the sector. However, stockbreeders call for the introduction of limits as according to statistics, 8% of Bulgarian grain producers collect 80% of EU subsidies.
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..
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