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BULGARIA- Bulgaria has reportedly yielded to pressure from local farmers by implementing an import ban on sunflower seeds from Ukraine. Speaking at a press briefing this week, Bulgarian Prime Minister Mykola Denkov announced his intention to impose an import quota on sunflower seeds from Ukraine, as reported by the pan-European news service Euractiv. Denkov stated that he would inform his…
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EGYPT – Egypt is considering sourcing nearly 500,000 tons of wheat from France and Bulgaria after Moscow blocked the supply of Russian grain, Zawya has reported. The decision came after Russia halted supplying wheat, objecting to the pricing of a mega-deal as the authorities in Moscow seek to impose an unofficial minimum price on grain deals. Egypt has one of…
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BULGARIA- The European Investment Bank (EIB) has extended a €50 million (US$54.6 million) loan to Northern Bulgaria’s grain and bulk port operations to help finance a modern grain storage and transportation terminal at the Black Sea port of Varna. EIB, the long-term financing institution of the European Union (EU), signed the agreement with Logistic Centre Varna EAD, part of Buildcom…
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