Bulgarian brewers invest 10.2 mln euro in fixed assets in H1

Bulgarian brewers invest 10.2 mln euro in fixed assets in H1

Bulgarian brewers invested some 20 million levs ($12.1 million/10.2 million euro) in fixed assets in the first half of 2021, the Union of Brewers in Bulgaria (UBB) said on Tuesday.

In 2020, investment in fixed assets totalled 37 million levs, UBB said.

During the first half of 2021, the sales on the domestic beer market were similar to last year's, with some 2.4 million hectolitres (hl) of beer sold, compared to 2.5 million hl in pre-pandemic year 2019.

“On the European map of the industry, Bulgaria is already in 11th place in terms of beer sales. There was even a slight increase in Bulgarian beer exports last year," commented UBB CEO Ivana Radomirova.

Over 35 new beer products have entered the market in the last year.

Out of 37 beer producers currently registered in Bulgaria, three are major companies, eight are small and medium-sized enterprises, and 26 are micro breweries.

On the EU level, the added value of beer production and sales dropped to 45 billion euro last year, from 60 billion euro in 2019. The workforce in the sector was cut by some 800,000 people.


Previous Next
Test Caption
Test Description goes like this
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.