Bulgaria’s Financial Supervision Commission (FSC) has revoked the licence of investment brokerage Varnenski Investitsionen Posrednik – 7 (VIP-7), the FSC said.

This is the latest company to exit the market after earlier this month Bulfin Invest and Sofia Invest Brokerage were stripped of their licences. The latest development brings the number of investment brokerages that have dropped off the market since the crisis started to eight.

In end-2008, there were slightly over 60 market players. According to unofficial reports, three more...

Producer prices in Bulgaria’s farming sector decreased by 9.8% year-on-year in the second quarter of the year, whereas no change was detected in livestock breeding, according to data by the National Statistical Institute (NSI).

Grain crops producer prices staged a 9.6% decline; industrial plants fell by 10.5%; fruits and vegetables were down by 9.8% and livestock by 1.9%.

On the downside, soft wheat producer prices shed 9.3%, corn was down 1.6%, rice off 19.3%, barley 20.8%, sunflower 8.6% and potatoes 13.3%.

Overall, however,...

The Bulgarian ports of Bourgas, in the south, and Varna, in the north, are experiencing increased exports of grain crops, which is expected to continue into September.

The bulk of Bulgaria’s grain produce travels to markets in the Arab countries and Europe. The port of Bourgas exported 236,000 tonnes of grain crops between January and end-July.

A further 45,000 tonnes are being stored at the port warehouses before they are loaded up, and companies have requested space for an additional 100,000 tonnes.

Grain producers say rapeseed...