Despite the bad harvest in 2020, the potential for the export of wheat is good, indicates an analysis by the Centre for Agri-Policy Analysis CAPA. The forecast is that by next summer Bulgaria will have sold 3.7 million tons of wheat abroad. This is the lowest export level since 2015. The wheat harvested, according to CAPA is 5.2 milliion tons – at an average yield of 4.3 tons.per hectare. The Ministry of Agriculture estimates the amount of wheat harvested at one million tons less that the above figure, writes sinor.bg.
The maize harvest is expected to be 6.85 tons per hectare or 3.8 million tons, which is 3% down compared to 2019. Maize production will be down by 19% compared to the amounts over the past 5 years.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
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