Bulgaria Newsflash Week 37
Bulgarian company aims at Amsterdam Stock Market; country’s efforts against food waste; cattle breeders opposing the EU planned antibiotics ban; what’s new in the meat sector. Enjoy reading!
Bulgaria to implement programme against food waste until 2026
Bulgaria is about to adopt a national programme for preventing and minimizing food waste with a time horizon until 2026, which aims to initiate long-term policies in this department, said the Ministry of Agriculture and Food. At an international online forum, Deputy Agriculture, Food and Forestry Minister Georgi Subev said that the problem of food waste and how to minimize it is an important part of the policies of each country. “Food waste is impacting adversely food security and potentially contributes to malnourishment,” he said adding that food waste causes considerable losses on a global scale. The deputy minister underscored the importance of implementing an integrated approach to food waste policies on all levels: global, regional, national and local.
Bulgarian cattle breeders opposed to antibiotics ban in animal farms
The National Union of Cattle Breeders in Bulgaria (NUCBB) are against a ban on the use of antibiotics in animal farms and will say so in a letter to the competent national and European institutions, AgroPlovdiv reports. NUCBB asks what farms are supposed to do with sick animals when the use of antibiotics is slashed. They expect the ban to unleash large-scale cross-border “suitcase trade” in medicines when banned antibiotics will be imported from neighboring countries that are not members of the EU. NUCBB will support a petition by the German federal association of veterinarians among animal farmers against the extensive use of antibiotics for animal treatment. The petitioners argue that the ban on many of the most effective antibiotics goes against the
Meat production in Bulgaria decreases
The total industrial meat production in Bulgaria in the first half of 2021 totalled BGN 91,500, which was 1.5% less than a year earlier, the Centre for Agri-Policy Analyses (CAPA) said quoting the Agriculture Ministry. An increase is only seen in the production of pork: to 34,100 t which is a 10% increase on-year, which was due to the increase in the swine population after the outbreak of African swine fever. The level of production, however, remains 14.2% below the level in the first half of 2019, which was before the ASF outbreak, when production stood at 39,700 t. In the coming months, local producers are expected to be under the pressure of the dropping prices of slaughterhouse meat on the European market and the growing prices of animal feed.
Huvepharma seeks to raise EUR 300 mln on Amsterdam Stock Exchange
Four years after Huvepharma took off the Bulgarian stock exchange its key production facility, Biovet, the parent company announced plans to get listed on Euronext Amsterdam. An announcement from the Amsterdam exchange makes it clear that the Bulgarian-owned producer of animal and human health and nutrition products aims to raise EUR 300 million in an initial public offering (IPO) and a secondary offering in which owners Kiril and Georgi Domuschiev will sell some of their shares. The shares to be offered are not specified. It is the first Bulgarian-owned company to be listed on a major European stock exchange. The pharmaceutical business of the Domuschiev brothers generates over BGN 1 million in revenues but has debts for as much. A successful IPO and secondary offering will let in foreign investors in the company and lower its indebtedness. The Netherlands is a leader in animal husbandry and Euronext Amsterdam has the largest daily trade volumes.