Treasury proposes experimental crypto asset legislation
The Ministry of Finance has proposed the introduction of experimental legislation on the management of crypto-assets, which are to be considered as financial instruments from now on.The proposal calls for the implementation of "Regulation (EU) 2022/858 - on regulations regarding market infrastructures based on blockchain, the technology of the decentralized register (distributed-ledger technology/TDR)".
From now on the plan is that the Financial Supervision Commission (FSC) would be responsible for the supervision of these market infrastructures.
Bulgarian exports surpass imports by nearly BGN 1.5 billion
The foreign trade balance (ratio between exports and imports) of Bulgaria with the European Union in 2022 is BGN 1.48 billion in the red, according to the National Statistical Institute (NSI). The overall export of goods from Bulgaria to the European Union in 2022 increased by 35.6% on 2021, reaching BGN 61 billion.Bulgaria's main trading partners were Germany, Romania, Italy, Greece, France and Spain, which form 66.9% of exports to EU member states. The largest export growth in 2022 was registered in the sectors 'Fats, oils and waxes of animal and vegetable origin' (126%) and 'Mineral fuels, oils and similar products' (116.9%). A decline of 9.8%, on the other hand, was observed in the 'Non-alcoholic and alcoholic beverages and tobacco' sector.
The import of goods into Bulgaria from the EU, on the other hand, increased by 29.3% compared to the same period in 2021 reaching BGN 59.9 billion. The largest volume of goods hailed from Germany, Romania, Italy , Greece and the Netherlands.
Grain producers demonstrate against Ukrainian wheat imports
Grain producers from Veliko Tarnovo and Ruse have staged a protest against the import of duty-free grain from Ukraine.
They blocked the main road between Pleven and Ruse with heavy equipment and announced an indefinite protest, Nova TV and BNR report.
Protesters were also unhappy with the strategic plan for the development of the sector for the period 2023-2027. They claim that it loads further responsibilities on to them and has stipulations that cannot be complied with due to Bulgarian climate conditions.The protestors request that the strategic plan be stopped or postponed, and imports of grain from Ukraine be limited.