Financial News

Farmers flood Bulgaria's capital protesting EU regulations, high energy costs

Hundreds of Bulgarian farmers took to the capital to protest the government's response to challenges they face, like increased imports of foreign farm products

Hundreds of angry farmers took to the streets in Bulgaria’s capital, Sofia, on Monday to complain of what they called "the total failure" of the government to meet the mounting challenges of the agricultural sector.

They called on Agriculture Minister Kiril Vatev to step down for not keeping his promises to ease the administrative burden on the farming sector, to seek state compensation for high costs and falling incomes.

PROTESTING FRENCH FARMERS PLAN 'SIEGE OF THE CAPITAL' IN PARIS, REJECTING GOVERNMENT CONCESSIONS

Like their colleagues elsewhere in Europe, Bulgarian farmers are frustrated with domineering European Union regulations, the hardships stemming from the surge in fertilizer and energy costs because of Russia’s war in Ukraine, the increasing imports of farm products that are flooding local markets and the undercutting of prices.

Ventsislav Varbanov, who chairs the Association of Agricultural Producers, complained that the government is adding more undue burdens, instead of seeking some relief for the farmers.

"Let me remind you that our interests were not protected neither as the Ukrainian goods flooded us," he said, referring to cheaper products exported from Ukraine, "nor had we budget guarantees for the losses we suffered because of the war in Ukraine."

Varbanov pleaded for a long-term government policy: "We want to know what will be in tomorrow, in the next year, in the next five years."

Meanwhile, the grain producers’ association announced that its members might join the protests on Tuesday by blocking main roads with their farming vehicles.

The association expressed discontent with a statement made by Prime Minister Nikolay Denkov in response to their demands for compensation that only grain producers who can prove a loss for 2023 will receive financial support. The association wants some form of compensation for all grain producers.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.

Use the myMotherLode.com Keyword Search to go straight to a specific page

Popular Pages

  • Local News
  • US News
  • Weather
  • State News
  • Events
  • Traffic
  • Sports
  • Dining Guide
  • Real Estate
  • Classifieds
  • Financial News
  • Fire Info
Feedback