The utilized agricultural area in Bulgaria has increased by 9% in the past 10 years, indicates preliminary data from the Census of Agricultural Holdings in 2020, announced this country‘s Ministry of Agriculture, Food and Forestry. In 2020, there were 3.96 million hectares of utilized agricultural area, while ten years earlier, there were 3.62 million hectares of utilized agricultural area.
The average farm size in Bulgaria increased from 10 hectares in 2010 to 33 hectares in 2020. Nearly 60% of the agricultural area is planted with cereals. 31% of the agricultural area is planted with industrial crops.
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil, Bulgarian Petroleum and Gas Association Chairman Svetoslav Benchev told BTA. "For now, I..
The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer Allianz Trade, BTA reports. According to Allianz this means that the Bulgarian economy will become..
With the introduction of the euro on January 1, Bulgaria will benefit from the stability, liquidity and all the advantages of the common currency, European Central Bank President Christine Lagarde said in an interview with public service..
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