Agricultural land in Bulgaria has more than doubled in price, or by 108.7%, for the past 7 years, according to data of the National Statistical Institute. In 2016, the average price per decare of land was 386 EUR and last year it was 803 EUR.
Fields in the south-western region of the country marked the biggest price rise - more than 202% for 7 years. The reason is the sharp increase in the price of agricultural land in the region of Sofia. Second when it comes to price rise for the past 7 years is the north-western region with a rise of 117%. The price of land in Dobrudzha rose by 113% and the decare there costs EUR 1,820.
Until the end of 2024, businesses will continue to receive compensations for high electricity prices. They will be 100% after a price of over 90 euros per megawatt hour on the stock exchange. The previous threshold was 100 euros. The..
Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the..
Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and..
All non-household consumers will be compensated for the high cost of electricity by the end of the year, the government has decided. The European..
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