US Approves New Lukoil Waiver for Bulgaria After Talks With Rubio
Bulgaria has secured a six-month extension of the Lukoil waiver, following a decision by the US Treasury Department’s Office of Foreign Assets Control (OFAC)
Japan Branded Thievish, Dizzy with Bulgarian Wine
Business | November 13, 2004, Saturday // 00:00
- Tweet
Send to Kindle
Japan's market is flooded by Bulgarian-made wine, labeled as a Japanese product, according to local reports.
A blend of 95 percent Bulgarian bulk wine and 5 percent of wine made in Japan from reconstituted Australian grape concentrate can, incredibly, be labeled as "100 percent Japanese Wine", The Japan Times disclosed.
Under local legislation a wine can still be labeled "Japanese" if as little as 5 percent of it is made domestically.
According to the article many wineries import grape juice or concentrate from other countries and then ferment it in Japan in order to satisfy their "domestic wine" requirements.
A blend of 95 percent Bulgarian bulk wine and 5 percent of wine made in Japan from reconstituted Australian grape concentrate can, incredibly, be labeled as "100 percent Japanese Wine", The Japan Times disclosed.
Under local legislation a wine can still be labeled "Japanese" if as little as 5 percent of it is made domestically.
According to the article many wineries import grape juice or concentrate from other countries and then ferment it in Japan in order to satisfy their "domestic wine" requirements.
Bulgaria’s Central Bank Tightens Rules on Housing Credit
The Bulgarian National Bank (BNB) has decided to increase the countercyclical capital buffer to 2.25%, in a move aimed at easing pressure on the rapidly growing housing credit market and strengthening the resilience of the banking system.
“Energy Lockdown”? Expert says Europe and Bulgaria Could Face Covid-Style Restrictions
Energy expert Boyan Rashev has warned that Europe could be moving toward what he described as an “energy lockdown” scenario if fuel supply pressures continue to worsen
Fuel Prices Rise in Bulgaria: Diesel Nears 1.80 Euros, Petrol Also Up
Fuel prices in Bulgaria have continued to edge upward, with diesel and gasoline both registering increases in the days following the Easter holiday
Bulgaria’s Tourism Industry Adapts to a Digital-First Traveller
Bulgaria’s tourism sector has never been stronger and has been achieving steady growth for the past few years.
Bulgaria Sees Modest Monthly Industrial Growth, But 8% Yearly Drop Persists
Industrial output in Bulgaria posted a modest monthly increase in February 2026, but continued to decline sharply on an annual basis, according to preliminary, seasonally adjusted data from the National Statistical Institute.
