Exports of Bulgarian wine in the first half of 2020 remained unchanged as compared to previous years despite the coronavirus pandemic. However, a decrease was registered in the exports of wine to traditional markets such as China. On the other hand, exports to EU countries increased, the Bulgarian Ministry of Agriculture, Food and Forestry announced. The ministry specifies that the total area of land covered by vines amounts to 60,862 hectares. 61% of the vineyards are registered for production of wines with protected designations of origin and protected geographical indications.
The total number of registered wine producers in Bulgaria amounts to 294.
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..
The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted...
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