On October 10, farmers will receive transfers totaling BGN 200 million (EUR 102 million) under the so-called "Ukrainian aid", announced caretaker Minister of Agriculture and Food Georgi Tahov. At a meeting with representatives of the agricultural sector, Minister Tahov said that there is a decision of the State Fund Agriculture to pay the amount and a notification has been sent to the European Commission for the entire amount of BGN 325 million (EUR 166 million).
Georgi Tahov and Finance Minister Lyudmila Petkova will meet with representatives of stakeholders on October 10.
Minister Tahov added that due to adverse weather conditions that have had a negative impact on agricultural production, Bulgaria requested the activation of the EU's crisis reserve, allowing affected farmers in the country to benefit from this mechanism for the first time.
In the space of 15 years, from 2005 until 2020, 75% of the farms in the country have disappeared – from 500,000 in 2005 down to 132,000 in 2020, said Prof. Dr. Bozhidar Ivanov, Director of the Institute of Agrarian Economics at an international..
In October 2024, the total business climate indicator decreased by 5.6 percentage points compared to September, dropping from 22.5% to 16.9%. The index declined in all monitored sectors, the National Statistical Institute announced. In industry, the..
Petar Ganev , senior researcher at the Institute for Market Economics announced, for the BNR, the publication of their white paper of the Bulgarian economy – Unlocking growth: the road ahead after the election. “Concord should be sought and..
Partly Cloudy
Mostly Cloudy
Fog