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 (BNB) announced that it is lowering the base interest rate to 3.63% as of July 1. In May and June, the base interest rate was 3.78%. Bulgaria is in a currency board and the Bulgarian lev is pegged to the euro. Therefore,..
Bulgaria fulfils three of the Maastricht criteria for joining the euro zone, but still does not meet the price stability and inflation targets, according to a report by the European Commission, as quoted by BTA. Bulgaria does not currently meet the..
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, the European Commission said in a statement. The money is part of a total of nearly €3 billion..
The investment in Sofia Airport's Terminal 3 will set new standards for the industry and travel in Eastern Europe, reports BTA, quoting Jesus Caballero,..
Bulgaria and China established diplomatic relations 75 years ago – in 1949. A year later, the People’s Republic of China and the People’s Republic of..
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