Tobacco Buy-out in Bulgaria Complete end -February

Business | January 9, 2003, Thursday // 00:00

All the tobacco produced in 2002 will be purchased till February 28, Agriculture Minister Dikme said. In his opinion the process is proceeding as scheduled. A total of 11,000 tons of Oriental tobacco have been purchased so far against a negotiated amount of 41,000 tons. Admitting to a slight slow-down in the tobacco buy-out campaign and lowered purchase prices, the minister called on the tobacco producers not to give in to speculations. At the end of last year concerns over the delay in the campaign kick-off, its pace and appraisal criteria prompted talks between Agriculture Minister Dikme, the parliamentary group of ruling coalition junior partner Movement for Rights and Freedoms, and the Executive Director of Bulgaria's tobacco monopoly Tobacco Holding. Some 30,000 tons were projected to be purchased in 2002, which is an increase over the 2001 harvest.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Business » Be a reporter: Write and send your article

Advertisement
Advertisement
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria