In the first half of 2022 Bulgaria imported ten times more lamb and mutton than it exported, according to statistics from the Ministry of Agriculture. Imports of lamb are more than 70% higher than in the same period of the previous year. A total of 1102 tons of mutton and lamb were imported in the first six months of this year.
A large part of imports was from EU member states, but 351 tonnes came from North Macedonia. According to the co-chairman of the sheep breeders' association Simeon Karakolev, this is the origin of the cheap lamb, which the branch association warned at Easter was crashing the Bulgarian lamb market. The rest of the imported meat is not lamb, but mutton, which is not traded directly on the market, but enters the meat processing industry, probably as an undeclared substitute for veal in the composition of sausages, the industry says.
Although Bulgaria is a country with a very long tradition in sheep breeding, in the first half of this year the production amounted to 112 tonnes of mutton and lamb, which is the lowest amount recorded for the same period of the last three years. The figures confirm claims made by farmers at the start of the year, who said that when comparing the number of sheep with the number of Bulgarians, the country's livestock farmers were producing just 150-200 grams of lamb per capita.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
+359 2 9336 661