EU Directive Triggers Price Hike for Cigarettes in Bulgaria Starting April 1
A rise in the excise duty on tobacco products starting April 1 will lead to an increase in cigarette prices by about 2.40 leva per pack
File photo, BGNES
Bulgarian tobacco growers have vowed to take to the streets unless what they call a "smear campaign" against Bulgartabac, a major tobacco holding group in the country.
Earlier the private company announced it was halting all sales to the Middle East as of April 01, citing an alleged negative media campaign and the "sensitive situation in that region".
A series of media publications had suggested Bulgartabac products allegedly constituted a major share of cigarettes smuggled into Turkey. The company denies.
The National Association of Tobacco Growers - 2010 and The Union of Oriental Tobacco Producers in Bulgaria have said, in a joint statement published on the former organization's website, have called on leaders and members of political parties to put an end to "political rhetoric" targeting Bulgartabac.
The organizations say they are ready for protest action against any developments that might affect "more than 200 000 tobacco growers".
As part of its exit from the Middle Eastern market, the company is also slashing 400 jobs (or 8% of its employees) and cutting the tobacco buyout program by 80%.
"If the company stops buying tobacco in the same volumes, it means over 15%, or around 4 000 000 kg, worth BGN 20 M [EUR 10 M] of the tobacco produced in the country will not be bought out, the organizations say."
The joint-stock holding company was for years known for alleged links to the Movement for Rights and Freedoms (DPS) party and its member Delyan Peevski, a controversial lawmaker and alleged media mogul.
Peevski announced in February he was "withdrawing from the ownership of Bulgartabac", with the shareholding company whose majority owner he is "selling its stake". Several days earlier Turkish media had reported he and DPS honorary chairman Ahmed Dogan had been barred from entering the Turkey.
The euro has been in use since 1999 as a non-cash accounting unit and since 2002 as physical currency.
Farm Sense AD, a long-standing agribusiness company based in the Dobrudja region, has initiated bankruptcy proceedings in the Sofia City Court
Bulgaria’s housing market is experiencing robust growth, driven by strong demand and limited high-quality supply
Public spending in Bulgaria is rising faster than revenues, driving the budget deficit upward, according to participants at the roundtable “Bulgaria’s Fiscal Policy and Sustainable Economic Vision with Eurozone Entry”, organized by the Bulgarian Associati
Prices of essential food products in Bulgaria have risen sharply over the past five years, with the upward trend continuing into 2025, according to data from the National Statistical Institute (NSI).
Pension insurance contributions will not increase in 2026, while pensions themselves will be updated from 1 July under the Swiss indexation formula, resulting in an expected rise of 7–8%.
Bulgaria's Strategic Role in the EU's Drone Wall Defense Initiative
When Politics Means Violence