Food

With double-digit inflation in Bulgaria, household spending is expected to outpace income in the second quarter of the year. According to the data of the National Statistical Institute, in the period April - June, the total income of a household member is BGN 2,207, which is an increase of 16.5% compared to the same quarter of 2021.

Ιnflation remains alive despite its slight decline during the month of July. Although last month's general price index fell to 11.6% from 12.3% in June, nevertheless based on the data by group of goods and services it appears that consumers were burdened with unprecedented price increases.

Türkiye will become the center of value-added food and beverages production thanks to the newly launched Food Innovation Center, Industry and Technology Minister Mustafa Varank said.

Turkish food companies, seeking to increase their exports to the U.S to $2 billion in four years, made a strong presence at New York Summer Fancy Food Show.

A sudden hike in animal food and the high value-added tax put animal lovers in a challenging situation, forcing them to call on Turkish authorities to make discounts on the vital product.

The main opposition party has called on chain markets to not raise prices and the government to issue interest-free loans to farmers in a bid to keep the food supply intact and uninterrupted before harsh winter conditions make life much more difficult to consumers.

The COVID-19 pandemic has dramatically changed the world as we know it, altering our habits from the way we travel to interaction between people.

Despite all the discomfort and problems it has brought along, one unlikely benefit of the COVID-19 pandemic appears to be that restaurants are now wasting much less food. 

Basic food is expected to rise by another 7% by the end of the year. This is predicted by the chairman of the State Commission on Commodity Exchanges and Markets Vladimir Ivanov. However, despite the high prices of electricity and natural gas, there will be no sharp jump. The reasons are the competitive market and shrinking consumption.

Ljubljana – Most basic food products became more expensive in 2020, the year marked by the Covid-19 epidemic, the Statistics Office said on Tuesday in light of the upcoming World Food Day on 16 October. They added that price rises were the most substantial in apples (+35.4%) and minced meat (+22.8%).

Cologne – A total of 17 Slovenian companies are participating in this year’s Anuga food and beverage trade show in Cologne, Germany, which kicks off today, announced the investment agency Spirit Slovenija.