The price of agricultural land in Bulgaria will continue to decline for at least the next two years. The data comes from the Bulgarian Association of Agricultural Land Owners (BAALO) and shows that the agricultural land market in the country is highly fragmented and corporate buyers have withdrawn from it over the last year.
According to BAALO, the main reasons for this are the war in Ukraine, issues with the Green Deal, and the drought, which led to lower yields. As a result of all this, the price has dropped by 20% in the last year alone.
The most expensive land in the country is in Dobrudzha, with prices reaching up to 3,000 BGN (EUR 1,500) per decare. In Southeastern Bulgaria, prices are around 800 BGN (EUR 400) per decare, while in Southwestern Bulgaria, there are almost no deals. The price for renting agricultural land is 70-90 BGN (EUR 35 to 45) in Northern Bulgaria and 50 BGN (EUR 25) in Southern Bulgaria.
The main buyers remain agricultural producers, who prefer to cultivate their own land rather than rented land.
There is no information about Bulgarian citizens injured in the Myanmar earthquake, which caused the collapse of a skyscraper in the Thai capital Bangkok, our Foreign Ministry reports. The Bulgarian Embassy in Hanoi, Vietnam, is monitoring the..
On Monday, the cloudiness will be mostly significant with short-term rain showers and light wind. The minimum temperatures will be between 6°C and 11°C, in Sofia – around 6°C, and the maximum - between 11°C and 16°C, in Sofia – around 11°C. In..
Around 835 trees will be planted through the #ForestInTheNeighborhood initiative of the Sofia Municipality . For this purpose, volunteers and donors will choose from 53 locations in 11 districts of Sofia. “The initiative is a great opportunity for..
The 30th of March is the opening day of the summer season at Burgas Airport. The coastal airport will offer tourists more flights and new destinations -..
The outrage and public discontent caused by the shocking revelations of brutal animal abuse and killings in Pernik continue . On this occasion, protests..
At the beginning of the Iftar solemn dinner, which was held in honor of the ambassadors of Arab countries accredited in Sofia, Minister of Foreign Affairs..
Overcast, rain