Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Land prices have increased 6 times in a decade

Photo: Архив

Agricultural land prices in Bulgaria have increased more than 6 times in the last 10 years. If in 2010 one decare (4 acres) of land cost an average of BGN 287 (EUR 146.74), then in 2022 the price is already BGN 2,787 (EUR 1,424.97), according to data from the Association of Agricultural Land Owners in Bulgaria. Traditionally, the most expensive is the fertile land in the Dobrudja plain, but prices are higher there because buyers aim to use it to build RES parks. According to the industry, land fragmentation and lack of irrigation remain the most serious problems facing Bulgarian agriculture. The country has more than 52 million decars of agricultural land, 69% of which is arable.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Families are taking out more quick loans to cover consumer expenses

For the first half of 2024, the fast loans reached over 3 billion euros, according to the Bulgarian National Bank (BNB) . In comparison, at the end of June 2023, the granted quick loans totalled 2.5 billion euros. According to the..

published on 8/19/24 8:50 AM

Natural gas prices are expected to decrease by 2% in September

Natural gas prices are expected to decrease by around 2% in September, according to a forecast by Bulgargaz. This is clear from the request submitted to the Energy and Water Regulatory Commission (EWRC). The company informs that next month, the..

published on 8/17/24 2:47 PM

Unemployment in Bulgaria has dropped by 7.6% on an annual basis

The unemployment rate in Bulgaria stood at 5.41% in July, the National Employment Agency says. 152,844 is the number of unemployed persons registered last month, and 14,542 started work. An increase in the number of job vacancies has been..

published on 8/16/24 2:29 PM