Bulgaria Lags in Absorbing EU Funds, Risking Losses and Growing Debt
Bulgaria is falling behind in its utilization of European Union funds
Bulgaria's grape harvest in 2012 will be 30% lower than initially expected, Bulgarian Agriculture Minister Miroslav Naydenov has confirmed.
Naydenov has added that the poor grape crop will push prices up. However, he has pointed out that this year's grape crop will be of excellent quality.
This will lead to a higher quality of the wine produced and increased exports, he told local media.
Bulgaria's wine exports have increased by 16% over the past few years, Naydenov noted. The country's domestic consumption of wine has grown by 13%, which means that Bulgarians now prefer it to hard liquor.
The Agriculture Minister declared that Bulgaria will not introduce minimum prices of wine.
Bulgaria is on the verge of meeting the inflation criterion
The Ukrainian parliament has approved the purchase of two Russian nuclear reactors that were originally intended for the Belene Nuclear Power Plant (NPP) in Bulgaria
Wizz Air has resumed its flights from Sofia to Tel Aviv
The European Bank for Reconstruction and Development (EBRD) has significantly increased its investments in Bulgaria for 2024
Wizz Air has announced the launch of a new and exclusive route from Varna to Leipzig, Germany, marking a significant expansion of its network
Bulgaria is expected to request extraordinary convergence reports from the European Commission and the European Central Bank for eurozone entry
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