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Bulgaria's Wine Production, Export See Drastic Slump
Business | October 20, 2009, Tuesday // 10:55
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Bulgaria's wine production and export has declined tremendously in 2009. Photo by BGNES
Bulgaria's wine export declined by 45,2% in the second quarter of 2009 compared to the same period of 2008.
The decline in the first quarter of 2009 was 32,6%, according to data provided by “Capital Market” Bourse Information Company, a Sofia-based consultancy.
In the second quarter of 2009, Bulgaria’s white wine production dropped by 31,1%, and the production of red wines – by 40,5%. In the first quarter, the slumps were 20% and 30% respectively.
Bulgaria’s total wine trade turnover decreased by 36% in April-June 2009, compared to the same period of 2008, and by 34% in the first half of 2009. Bulgaria’s positive wine trade balance dropped by 42,8% in the second quarter of 2009 compared to the second quarter of 2008.
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