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BBC News: Trouble in Bulgaria Rose Valley
Business | August 5, 2009, Wednesday // 13:28
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Hingham stated that private companies have "had a devastating effect on the state owned Bulgarska Rosa". Photo by theepochtimes.com
The price of Bulgarian rose oil has fallen dramatically because of a decreasing number of tourists passing through airports over the financial crisis according to a BBC news report.
In the report by Nick Hingham shown on the BBC news, he visits Bulgaria's "rose valley" near Kazanluk from which he states 40% of the world's rose oil is produced as well as a large amount of lavender oil, because of its perfect "micro-climate".
He focuses on the harvesting of the crops by Roma and Turkish workers and on the final production of the oils.
Hingham stated that private companies have "had a devastating effect on the state owned Bulgarska Rosa" and also that worldwide recession has hit demand for products like rose oil and lavender essence leaving some of the producers struggling to survive.
He concluded that fewer travelers visiting Bulgarian airport shops has seen a drop in the price of rose oil as they do not buy the perfumes and soaps that contain the oil.
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