European Commission Plans Heavy Tariffs on Russian Grain Imports
The European Commission has unveiled plans for significant tariff hikes on grain imports from Russia and Belarus
Bulgaria's gross agricultural product grew by 2% in 2010, reaching almost EUR 4 B, according to Annual Agricultural Report for 2011, adopted Wednesday by the Bulgarian Cabinet.
The document, which contains an economic analysis of the Bulgarian agriculture, food industry, trade with agricultural products and the development of the fish resources and forestry sectors, points out tangibly positive trends.
Thus, it found that Bulgaria's gross agricultural product at current prices was BGN 7.63 B, or EUR 3.904 B.
Bulgaria's agrarian trade grew by 15.2% in 2010 year-on-year, with the exports growing by 24.1% vs. 4.9% for the imports.
Thus, Bulgaria's positive agricultural trade balance grew 2.5 times in one year, reaching USD 940 M.
During 2010, the Bulgarian agriculture got total subsidies amounting to BGN 1.406 B (EUR 719 M) from both the EU subsidies and the Bulgarian state budget. Of those, BGN 722 M came under the Rural Development Program, and BGN 465 M came from direct subsidies.
The Agriculture Ministry reported adopted by the Borisov Cabinet has found that the financial subsidies are one of the factors that stabilized Bulgarian agriculture.
The added value of Bulgaria's agricultural sector grew by 4.6% in 2010 compared with 2009, according to Agriculture Ministry data.
Preliminary data about the first half of 2011 indicate that the agriculture sector's gross product reached BGN 1.371 B, which a 1% decrease year-on-year.
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