Grain Sector Shock: Major Bulgarian Producer Collapses Under Massive Debt
Farm Sense AD, a long-standing agribusiness company based in the Dobrudja region, has initiated bankruptcy proceedings in the Sofia City Court
Harvesting wheat and barley has already started around Bulgaria with special rituatls. Photo by BGNES
Bulgaria's 2009 grain yield will be 20%-25% smaller than in 2009, according to experts from the Dobrudzha Agriculture Institute in the northeast town of General Toshevo.
Nikolay Tsenov, Deputy Director of the Institute predicted that the yields in the northeast, which has the most fertile soil in Bulgaria, would hardly reached the usual 500 kg of wheat per decare.
The Institute expects about 400-500 kg of barley per decare in the northeast, and about 200-300 kg in Southern Bulgaria.
Tsenov has noted that the amount of rain in Northeast Bulgaria in the spring thus far had been only 15 liters per square meter which was very insufficient.
The experts still believe that the grain yield will be sufficient to satisfy Bulgaria's needs for wheat and barley.
Electricity and natural gas prices in Bulgaria remain among the lowest in the European Union, according to the latest figures published by the European statistics agency Eurostat for the first half of 2025.
Bulgaria currently has sufficient reserves of motor fuels and raw materials to cover normal domestic consumption for more than three months, Deputy Finance Minister Stanimir Mihaylov told lawmakers during an extraordinary sitting of the National Assembly
Energy expert Nikolay Kacharov, speaking to Bulgarian National Radio, highlighted that Bulgaria’s energy costs have risen significantly due to contractual obligations, even before considering increased gas prices caused by the conflict in the Middle East
Energy Minister Traycho Traykov has held talks with representatives of the Bulgarian Oil and Gas Association to discuss developments on international energy markets and their impact on fuel prices in Bulgaria
Bulgaria has effectively completed its transition to the euro, with the bulk of the leva already withdrawn from circulation.
Bulgaria’s tourism sector is facing a significant setback after the cancellation of trips by Israeli visitors due to the ongoing conflict in the Middle East
Novinite 2025 in Review: A Year That Tested Bulgaria and the World
A Disgraceful Betrayal: Bulgaria's Shameful Entry into Trump's Board of Peace