Penka from Bulgaria Sanctioned by US for Assisting Iranian Oil Exports
A Bulgarian woman has been sanctioned by the United States for violating the oil embargo imposed on Iran.
Bulgaria's caretaker Agriculture Minister Vasil Grudev, photo by BGNES
Direct damages suffered by Bulgarian farmers as a result of the Russian embargo on food imports amount to at least BGN 10 M, according to caretaker Agriculture Minister Vasil Grudev.
Speaking Monday at a press conference in Plovdiv, Grudev said that damages stemming from unperformed contracts with Russia were estimated at BGN 10 M, adding that indirect damages resulting from the decrease in prices and unsold quantities of fruit and vegetables were expected to amount to at least BGN 10 M
Grudev, as cited by the Bulgarian National Radio, noted that the crisis had spread to the sector of milk and dairy products over the past few weeks
He said that the payment of compensations for bluetongue-related animal deaths would start next week.
He made clear that Bulgaria was starting talks with the European Commission for aid amounting to 50-75% of the cost of vaccine against bluetongue, adding that the country needed a total of BGN 3-4 M for the vaccines.
Bulgaria's caretaker Agriculture Minister said that the storage and injection of vaccines constituted administrative costs which had to be covered by Bulgaria.
Bulgaria recorded a decline in exports to European Union countries in 2025, while imports from the bloc continued to rise, according to data from the National Statistical Institute (NSI).
The ongoing war in the Middle East is beginning to cast a shadow over Bulgaria’s tourism sector, with early signs already visible in reservations for the upcoming summer season.
In the final quarter of 2025, farm gate prices for agricultural products across the European Union declined by nearly 1.9% compared to the same period in 2024, according to Eurostat
Fuel prices at wholesale bases, which supply both gas stations and agricultural producers, continue to rise steadily, prompting increased activity at fuel outlets across Bulgaria
OMV Petrom has announced that it will join the consortium exploring the offshore Khan Tervel gas block in the Bulgarian sector of the Black Sea, marking a significant expansion of its footprint in a region of growing strategic importance for Europe’s ener
Fuel prices in Bulgaria have continued to rise sharply over the past week, according to data from the Fuelo platform, as reported by BTA.
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