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(BAALO) and shows that the agricultural land market in the country is highly fragmented and corporate buyers have withdrawn from it over the last year.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.
President Rumen Radev will be taking the issue to the Constitutional Court, after the National Assembly refused to hold a referendum on the question: "Do you agree that Bulgaria should adopt the single European currency, the euro, in 2026?" He announced..
A season with more tourists and increased interest in Bulgaria – this is what the members of the National Board of Tourism expect this summer. “All the necessary prerequisites are in place in terms of climate, preparation by investors and..
Children’s right to education and adults’ right to access to the workplace are restricted.” This is stated in the position of the Union of Principals within the System of Public Education in Bulgaria on the occasion of the effective..
The nationalist party is holding an event at the National Palace of Culture (NDK) in Sofia today at 6:30 pm, which is being promoted as a discussion on..
An exhibition titled Food and Drink of the Bulgarians: From the Oriental Table to the Canteen opens today at 17:00 at the Archives Exhibition Hall of the..
For a fourth day in a row, the Bulgarian capital remains without surface public transport , as its workers do not get the requested..
Partly Cloudy
Clear
Mostly Cloudy