The northern part of the Black Sea has practically lost its access to maritime transport as the Russian war on Ukraine has increased insurance costs
Crucial investments have made the plant in Bulgaria virtually independent from natural gas supplies
In Bulgaria, the sunflower oil business was worth close to 1.5 bln levs (767 million euro) last year
Representatives of the sector believe that the offered price is half the international market price and complain of illegal suspension of exports
Prime Minister Kiril Petkov slams Bulgaria’s ill-preparedness for war or emergencies during address to Capital Weekly and business sector guests
Exports to Russia and Ukraine account for only 2.4% of Bulgaria’s total, but supply chains have been destroyed
The sector as a whole performs well, but the champion is sunflower oil production
Local and foreign wheat, corn and sunflower seeds producers dominate the rankings
The revenues of the 50 fastest growing companies increased by an average of 56% in 2019, with the largest companies growing particularly fast.
Ten years ago, business collapsed as a result of the global financial crisis; survivors now enter into a new hard season By Tedy Vasileva
Most producers had a strong year but reported no record jumps
The grain business thrived, as the good harvest and higher prices brought in more revenue.
Gross domestic product growth slowed down to 3.0% year-on-year in the third quarter due to weakening exports and investment
Bulgaria has reached a historic record in wheat production but revenues in the sector are growing slightly
Even though just three of the companies in the ranking worked at a loss, the average profitability slightly deteriorated
Over half of the biggest agri companies saw revenues drop in 2016. Most firms reported profits, albeit at narrower margins.