Because of the drought, Bulgaria reports lower yields of corn and sunflower in 2020, the Ministry of Agriculture has reported.
Just over 2.8 million tons of corn were produced on 572,417 hectares. The average yield of corn is 494 kg per decare. In 2019 corn harvest was over 3.1 million tons, with an average yield of 684 kg per decare. Because of the spring drought, the biggest decline in yields is seen in the eastern regions of Bulgaria - an average of 50 percent.
Harvested sunflower for 2020 is over 1.6 million tons from 809,563 hectares. The average yield for the country is 203 kg per decare. In 2019, the total harvested amount reached 1.7 million tons, with an average yield of 230 kg per decare, BTA reported.
The Organisation for Economic Co-operation and Development (OECD) forecasts an acceleration in Bulgaria's economic growth from 1.8% in 2023 to 2.5% in 2024 and to 2.9% in 2025 as public investment increases along with EU funds. OECD expects inflation..
MPs have agreed to extend the 0% VAT on bread and flour, which was due to expire on June 30, until the end of 2024. Under the GERB proposal, traders will be allowed to add a maximum of 15% profit margin on bread, but the proposal is limited to the most..
Bulgargaz expects the price of natural gas next month to be 5 to 6% lower as compared to April. During an open meeting at the Energy and Water Regulatory Commission, the initially proposed price of EUR29.12 per megawatt-hour was reduced to EUR28.36. The..
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