Bulgaria’s Transition to the Eurozone: Prices Will Listed in Leva and Euros One Month After Green Light
A month after Bulgaria receives approval to join the eurozone, all traders are required to display prices in both leva and euros
Organic food appears to be gaining in popularity among Bulgarians - traders have described the steady rise in clients going for organic products as one of the trends in food industry this year.
Bulgarians are developing a taste for organic food with consumption marking a 25% increase per year. More than 500 companies distribute and sell premium quality organic food products from a network of farmers and producers, as well as imports.
The data was announced by Bulgaria's Organic Trade Association at a conference on the development of organic food market in the country.
Only 0.5% of the arable land in Bulgaria is used for organic farming, which places the country last in the EU by production and consumption of organic products, according to data by the Bulgarian Industrial Association (BIA).
Experts attribute the low consumption of organic foods in Bulgaria to their high prices, adding that they were 60-85% more expensive than conventional products.
Organic farming is trying to give Bulgaria's agriculture sector's glorious past a new lease of life, but without the state and EU support, it can hardly turn into a sustainable business.
Magdalena Maleeva, one of Bulgaria's greatest ever tennis players, was among the first to champion organic farming after founding Bio Bulgaria in September 2006.
The company's best selling products include yoghurt and eggs as well as Balkan specialities such as sirene (a white, feta-like cheese), kashkaval (yellow cheese), ayran (a yoghurt drink) and boza (very much an acquired taste: a fermented cereal-based drink resembling a thick milkshake).
The real estate market in Bulgaria maintained stability and activity during the first quarter of 2025, with strong demand despite a moderate drop in transactions compared to late 2024
The International Monetary Fund (IMF) has revised its forecast for Bulgaria’s economic growth, predicting a slowdown to 2.5% in 2025
According to Georgi Duchev, executive director of the Bulgarian Association of Hotel Management Professionals, one-third of Bulgarian hoteliers are planning a modest price increase of about 10%
Sofia Municipality is set to implement a revised framework for managing its municipal housing stock by introducing two distinct rental categories
Following its earlier confirmation of Bulgaria's credit rating at Baa1, Moody's has revised the outlook for the country's banking sector from stable to positive
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