One of the largest cargo ships in the world docked for the first time at the Port of Varna, delivering 58,000 tons of rapeseed, BGNES reported. The shipment arrived from Canada and will be refined in Bulgaria. The delivery was made due to a shortage of raw materials and restrictions on imports from Ukraine.
Bulgaria has the capacity to process over 4 million tons of sunflower annually into oil, hulled seeds and meal. However, domestic sunflower production has never surpassed 2.2 million tons. As a result, processors import seeds from other countries—mainly from Ukraine, which is the world’s largest producer.
Due to the shortage of raw materials, Bulgaria’s processing industry is facing a crisis and the threat of shutting down production facilities. Once, Bulgaria ranked among the top five sunflower processors and exporters in the world.
Fitch Ratings has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a Positive Outlook, reported BTA. ''Bulgaria's ratings are supported by its strong external and public finance balance sheets versus..
There are no plans for the privatization of the Vazovski Machine-Building Plants (VMZ) in Sopot, and the information circulating in this regard is speculative, said Bulgaria’s Minister of Economy and Industry Petar Dilov at a working meeting..
In 2024, the real estate market in Bulgaria registered a significant rise, with prices increasing by around 16%, and the number of real estate transactions going up as well. Real estate prices along the Black Sea coast have continued to grow,..
Fitch Ratings has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB' with a Positive Outlook, reported BTA...
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