Will Bulgaria Have a Stable Government After Yet Another Election in June? Our Readers Have Spoken
On our Facebook page, readers were asked about Bulgaria's stability after the June elections
A significant part of this year's Bulgarian wheat is expected to be exported through Romania.
The reason is that Romania won a wheat supply auction in Egypt and Bulgaria couldn't participate in it.
Wheat from the Bulgarian Dobrudzha region can easily be bought by Romanian traders, loaded onto ships at Romania's Constanta dockyard and shipped to Egypt, people from the industry say, cited by Standart News.
They remind this isn't the first year where Bulgaria's wheat will be exported as Romanian.
Last year saw a similar situation, as the Bulgarian wheat was much cheaper than the one in the Black Sea region.
Traders used this opportunity to buy big quantities of this cheap and high quality wheat to later export it via Romania and sell it for much higher prices, wheat growers in Bulgaria explain.
This year the government tried everything possible to stop the problem from reoccurring and to allow Bulgarian producers and traders to directly sell to Egypt for a better profit.
"We have to say with regret that despite the big efforts of the Chief Directorate Grain and Grain Products and the Bulgarian Embassy in Egypt we couldn't register the Bulgarian wheat in Egypt and Bulgaria's participation in the auctions, organized by Egypt's state buyer GASC, Directorate CEO Dr. Zlati Zlatev admitted.
Producers are also concerned with the quality of the wheat.
According to Stoyan Stoyanov from The National Grain Producer Association (NGPA) the wheat will have to be dried, which further raises the cost of production.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
As the May holidays mark the onset of sea tourism, Bulgarians and foreigners preparing for their annual getaways are facing a stark reality: trips this year will come with a heftier price tag
Sofia, the vibrant capital of Bulgaria, is experiencing a surge in its economic landscape, surpassing the average European standard of living, according to senior researcher Peter Ganev from the Institute for Market Economics
Mounting uncertainty looms over Bulgaria's anticipated entry into the Eurozone, with officials cautioning that the prospect may be delayed amidst persisting inflation challenges
In an unexpected turn, Bulgaria and Turkey have been notably absent from the list of the ten cheapest European summer destinations for British tourists
According to the latest data released by the National Statistical Institute, Bulgarian household incomes experienced a remarkable surge in 2023, reaching an average of BGN 10,846 per household member.
The National Statistical Institute's latest report unveils a marginal annual increase in the income of Bulgarians in 2023 compared to their expenses, marking a reversal of the trend observed in 2022
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022