The utilized agricultural area in Bulgaria has increased by 9% in the past 10 years, indicates preliminary data from the Census of Agricultural Holdings in 2020, announced this country‘s Ministry of Agriculture, Food and Forestry. In 2020, there were 3.96 million hectares of utilized agricultural area, while ten years earlier, there were 3.62 million hectares of utilized agricultural area.
The average farm size in Bulgaria increased from 10 hectares in 2010 to 33 hectares in 2020. Nearly 60% of the agricultural area is planted with cereals. 31% of the agricultural area is planted with industrial crops.
Inflation for 2024 is 2.2% compared to the previous year, the National Statistical Institute reports. In December, this indicator was 0.4%. Annual average inflation for the period January 2024 - December 2024 compared to the period January 2023 -..
Without compensation for the price of electricity, companies will be uncompetitive, said Vasil Velev of the Bulgarian Industrial Capital Association (BICA) at a press conference held jointly with trade unions. Those who cannot pass on the increase in..
Bulgarian exports are expected to grow by 5.8% annually after Bulgaria joins the eurozone. Trade in goods could increase by 3.3%, and in the services sector, growth might reach 8.4%. This is predicted by an analysis by the trade credit insurance..
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