Bulgaria’s Financial Watchdog Rejects IPO Prospectus of Roo’bar Producer
Bulgaria’s Financial Supervision Commission (FSC) has refused to approve the IPO prospectus of Smart Organic AD, a producer and distributor of organic products.
The sales of organic foods in Bulgaria grew by more than 15% in 2010 year-on-year, according to Lubomir Popiordanov, head of the Bulgarian Association for Alternative Tourism (BAAT).
Popiordanov spoke in Sofia Thursday at the opening of "Green Days", a festival that he initiated to support healthy life and environment-friendly practices, alternative and eco tourism as well as the production of green or organic food and bio-cosmetics.
According to the chair of the alternative tourism association, the production of biofood is on the rise in Bulgaria, and is the only trade that has seen uninterrupted growth in the recent years. He further interpreted the 2010 growth in sales to mean that Bulgarian consumers trust organic food.
In his words, it is crucial for the people to support the producers of green food because of the many challenges they face.
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FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
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