Housing Prices Rise in Sofia, but Affordability Improves
Housing affordability in Sofia has improved since the pandemic, making it one of the few capitals in Central and Eastern Europe (CEE) to experience this positive trend
Bread Price Expected to Rise Due to Heavy Rains in Bulgaria
Business | May 22, 2014, Thursday // 15:52
- Tweet
Send to Kindle
Photo by lagarde.bg.
Grain producers in Bulgaria expect 15-20% less crops due to the recent heavy rainfalls which will also affect the prices of wheat and cereal.
Bread producers are worried that the rains will worsen the quality of wheat which will raise the production costs due to the need to use ingredient substitutions, NovaTv reports.
Some regions in Northwestern and Southern Bulgaria have recorded rainfalls totaling 70% of the average annual precipitation in just a month and a half.
The estimated increase in bread prices is no higher than BGN 0.001-0.002, however it can grow ten times until it reaches the end consumer.
Related Articles:
Bulgaria's Employers Push for Continued Electricity Price Compensation in 2025
Employers' organizations in Bulgaria are urging the government to extend the compensation program for high electricity prices into 2025.
Business | December 9, 2024, Monday // 23:00
Airlines Predict Price Hikes for 2025, Particularly in Asia and Australia
Airfares around the world are expected to rise in 2025, with ticket prices reflecting both higher operational costs and ongoing supply chain disruptions
Challenges Loom for Bulgarian Essential Oil Sector Amid Declining Exports
Globally, the essential oil sector is encountering significant challenges
Annual Inflation in Eurozone Accelerates, Prompting Caution from the ECB
Annual inflation in the Eurozone has risen to 2 percent in October 2024 compared to the same month in 2023, marking an increase from 1.7 percent in September
Household Electricity and Gas Prices Drop in Bulgaria, Remain Among Lowest in EU
In the first half of 2024, household electricity and natural gas prices in Bulgaria ranked among the lowest in the European Union,
Oil Prices Rise Amid Middle East Uncertainty Following Assad’s Fall
Oil prices increased in early Asian trading this morning after the fall of Syrian President Bashar al-Assad introduced greater uncertainty in the Middle East.
Real Estate Market in Sofia Remains Active at the End of 2024
The real estate market in Sofia continues to show growth, with a 10% increase in sales compared to the previous year.
Bulgaria Expects 5% Growth in Winter Tourism Amid Resort Preparations
Bulgaria is expecting a 5% increase in tourist arrivals this winter season, according to acting Minister of Tourism Evtim Miloshev
Bulgaria's Municipalities Reassured on Capital Expenditure Subsidies for 2025
In recent weeks, there has been ongoing concern regarding the state's expenses for next year, with projections showing that costs far exceed available funds
Bulgarian National Bank Warns Against Proposed Excess Profits Tax on Banks
The Bulgarian National Bank (BNB) has voiced strong opposition to a proposed 10% tax on banks' excess profits, citing concerns that it would destabilize the financial sector
Bulgarian Hotels Fully Booked for Christmas as Demand Grows for Holiday Packages
Tourist interest in Christmas and New Year holiday packages is exceptionally high this year
