Free Trial

Bulgaria's farmers are joining Europe-wide protests

Bulgarian farmers family hold posters reading: "We want humane treatment of farmers." "I want to be a farmer in Bulgaria" as they attend farmers protest with their a week old calf in front of Agriculture Ministry in Sofia, Monday, Feb. 5, 2024. Hundreds of angry farmers took to the streets in Bulgaria's capital, Sofia, on Monday to complain of what they call "the total failure" of the government to meet the mounting challenges in the agricultural sector. (AP Photo/Valentina Petrova)

SOFIA, Bulgaria (AP) — 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.

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.

→ Top 5 Tech Stocks to Buy for 2024 (From Daily Market Alerts) (Ad)

Where should you invest $1,000 right now?

Before you make your next trade, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.

Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.

They believe these five stocks are the five best companies for investors to buy now...

See The Five Stocks Here

20 Stocks to Sell Now Cover

MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Buy or Bail? Stock Upgrades and Downgrades
Profit Like Congress: The Stocks They’re Betting On
Cathie Wood’s AMD Buy: Smart Move or Risky Business

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines