Agriculture Minister Backs Off from Decision on Timber Trade via Commodity Exchange Only

Agriculture Minister Backs Off from Decision on Timber Trade via Commodity Exchange Only

Agriculture minister Miroslav Naidenov said he will propose a recent decision restricting trade in timber to the commodity exchanges only to be revoked.

The commodity exchange will remain as a trading option but not the sole one.

One third of the wood previously intended to be sold through local commodity exchanges will be managed by state forest enterprises and their directors will decide whether to sell the timber on stock directly, through auctions or on the commodity exchanges, the agriculture ministry said in a statement. The remaining two thirds of the timber should be sold through auctions.

"Drastic measures will be taken to ensure the legality of timber exports," the statement quoted Naidenov as saying. He added that exports to Greece, the main foreign market for Bulgarian timber, will not be limited since it is a member state of the EU.

Cookies Preferences
Choose Type of Cookies You Accept Using


These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.


These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.


These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.