Home > Bulgarian Economy > Bulgaria’s farmers in trouble.

Bulgaria’s farmers in trouble.

Bulgaria’s farming industry, once a main stay of the economy, has shrunk to 5 percent of GDP from 25 percent in the past decade. Cash-strapped producers suffered again in 2008 after the EU froze millions in farm aid over graft. The crisis may erase Bulgaria’s gains over the past decade because its main export market, the EU has fallen into recession. Trade unions say some 50,000 people are likely to lose their jobs in 2009.

http://uk.reuters.com/article/marketsNewsUS/idUKLK59928520090220

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Categories: Bulgarian Economy Tags: ,
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