The EU “Wine Package”: Opportunities and Challenges for Bulgaria
The European Union remains the world’s largest producer, consumer, and exporter of wine, according to the European Parliamentary Research Service.
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Photo: EPA/BGNES
This year's grape harvest in Bulgaria is in very bad shape, reports the BTA wire service, quoting Radoslav Radev, chairperson of the Vine and wine national association.
The hailstorms and various diseases damaged the vineyards, destroying between 70 and 85% of the grape harvest in some areas.
“Compared to 2013, this year the wine varieties yielded 30-40% less,” Radev said. “The quality is also problematic.”
According to him, the main reason was the inclement weather – hailstorms, rains, floods, low temperatures and not enough sunshine.
“This is the general situation, though in some areas it is a little better than in others,” Radev said.
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)
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 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 in Bulgaria have continued to edge upward, with diesel and gasoline both registering increases in the days following the Easter holiday
Bulgaria’s tourism sector has never been stronger and has been achieving steady growth for the past few years.
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.
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