Nr. 33 (81), 23-08-2013
Weekly Bulletin
ISSN 1314-5339

Currency
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BULGARIAN ECONOMY

Bulgaria hopes to make wine its 2013 success stories


Wine has been one of Bulgaria's rare success stories in the past and the industry is hoping for a bumper harvest this year too due to the long dry spell.

The grape crop this year is seen at 30% higher than the past year, while the sun has pushed the level of the sugar in the grape and consequently its quality up.

"This year's grape crop is high quality and it is more abundant than last year," Krassimir Koev, head of the executive agency for vine and wine, commented, as cited by Trud daily.

He forecast that the critical situation in the sector will push up the purchase price of grapes.

In the run-up to Bulgaria joining the EU in 2007, huge investments were made in the sector and the quality has been transformed.

According to Koev wine drinkers around the world are rediscovering the great taste and competitive prices of Bulgarian grape varieties and happily venture beyond some reasonably well-known appellations and a handful of brands.

Russia remains the main market, but exports are also flowing to the Czech  Republic, Poland and Romania.

NEWS FROM BCCI
BCCI’s analysis: the European funds become more crucial to the investment policy of the state
In the first half of the current year 57% of the state investments have been financed by the EU funds More
BCCI is preparing the new classification “TOP 100 leading Bulgarian companies in the economy of 2012”
Foreign and Bulgarian institutions, banks, embassies, representation offices of international organizations have declared interest towards the classifications More
BCCI organizes the participation of companies in the International Technical Fair -Plovdiv
September 30 – October 5, 2013 More
BULGARIA AND EU
Bulgaria's government approved the draft Partnership Agreement with the European Commission for the 2014-2020 programming period
Bulgaria to get more EU Funding for business, innovations at the expense of infrastructure in 2014-2020 More
BULGARIAN ECONOMY
12,4% growth in Information service activities for the second quarter of 2013
The most significant increase was seen in Motion picture, video and TV programme production, music publishing activities – by 15.3% More
Prices in the agriculture in the second quarter of 2013 increased by 4.1%
The crop prices increased by 4.7% and the animal prices increased by 3.4% More
Bulgaria hopes to make wine its 2013 success stories
In the run-up to Bulgaria joining the EU in 2007, huge investments were made in the sector More
LEGISLATION AND REGULATION
The Bill Amending the Tax and Social Insurance Procedure Code, including also amendments to the VAT Law, has been published
The proposed amendments aim to improve the single account for payment of taxes and mandatory social security contributions and to support obligated persons experiencing temporary financial difficulties More