Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Pandemic and drought bring down price of arable land

Photo: BGNES

The price of arable land, and the rent from it, has dropped for the first time after 8 straight years of increase, National Statistical Institute data show.

In 2020, owing to the pandemic the average price of one hectare of arable land in Bulgaria was 5,330 euro, whereas one year earlier the price was 5,380 euro. Seven years ago one hectare cost 3,620 euro – prices excluding VAT and notarial fees. Rent has also dropped by 6.1% - from 25 to 235 euro per hectare. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Bulgaria hosts discussion on economic competitiveness during COP29

President Rumen Radev has opened the forum "The Future of Competitiveness at Net Zero" in the Bulgarian pavilion at the United Nations Climate Change Conference COP29, which is taking place in Baku, Azerbaijan.  The panel dedicated..

published on 11/12/24 1:29 PM

The Bulgarian Embassy in Seoul updates the data on Bulgarians in the Republic of Korea

The Embassy of Bulgaria in Seoul announced on their Facebook page that they are in the process of updating their database containing contact information of Bulgarian citizens permanently residing on the territory of the Republic of..

published on 11/12/24 12:55 PM
Ministry of Justice building

Ministry of Justice drafts brand new personal insolvency bill

The Ministry of Justice has published, for public debate, two bills in fulfillment of the country’s commitments under the national recovery and resilience plan. The consultations on the personal insolvency act will take place until 11..

published on 11/12/24 11:19 AM