Entire villages in the Eastern Rhodopes are giving up on traditional tobacco growing in the region. One of the reasons is the low purchase prices.
The agricultural institutions in the region report extremely low interest in buying the new harvest. Applications submitted so far for registration of tobacco producers from the entire Kardzhali region are just 96, which is 11% of those submitted in 2020. The traditional production has been replaced by emigration abroad, BNR correspondent Valya Apostolova reported.
Locals believe that tobacco production could be revived if raw purchase prices rose.
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..
+359 2 9336 661