Podcast in English
Text size
Bulgarian National Radio © 2023 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.

Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Assen Vassilev

Finance minister proposes to cap cash transactions at BGN 5,000

Finance Minister Assen Vassilev is proposing to limit cash payments to BGN 5,000 (just over EUR 2.5,000), instead of the current BGN 10,000 (just over EUR 5,000) , in order to combat the shadow economy. However, his idea was not supported in Parliament,..

published on 11/23/23 4:28 PM

80% of Bulgaria's economic activity is concentrated within 16 economic centers

Sixteen major economic centres stand out in Bulgaria, covering a total of 132 municipalities. Nearly 80% of the country's economic activity is concentrated within them, indicate data of the latest study by the Institute for Market Economics. In 2018,..

published on 11/23/23 12:26 PM

Black Friday in Bulgaria: Between a marketing ploy and customer benefit

The campaign for shopping at bargain prices, known as Black Friday, has been growing more and more popular in Bulgaria. By planning carefully and keeping abreast of the offers, consumers are able to purchase products at exceptional prices, say the..

published on 11/21/23 10:56 AM