Bulgarian bread producers fear a wave of bankruptcies during the winter season

Bulgarian bread producers fear a wave of bankruptcies during the winter season due to the growing prices of flour, fuel, and electricity.A number of small bread makers in Bulgaria's Black Sea city of Burgas have stopped functioning and a major Sofia-based company in the sector...

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Bulgarian bread producers fear a wave of bankruptcies during the winter season



Balkans Business News Correspondent - 12.11.2012

Bulgarian bread producers fear a wave of bankruptcies during the winter season due to the growing prices of flour, fuel, and electricity.

A number of small bread makers in Bulgaria's Black Sea city of Burgas have stopped functioning and a major Sofia-based company in the sector has also gone out of business.

Industry representatives cited by the Bulgarian National Television (BNT) say that the bankruptcies are due to the increases in grain prices, flour, electricity, and fuel.

According to Bulgarian bread producers, flour prices added over 50% in 2011, electricity and fuel rates are also climbing, but bread prices remain unchanged, Novinite.com reports.


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