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.
After the election for parliament on 27 October, the caretaker government has to submit a draft of a budget for 2025 to parliament by the end of the month. Some economic analysts say the budget of the country for 2024 is the worst in the past decade. Holes..
Bulgaria's economy will grow by 2.3 per cent this year. This is according to the latest World Economic Outlook prepared by the International Monetary Fund and presented today in Washington. This is down from the Fund's April estimate, which predicted that..
In 2023, the government budget deficit was 2% of GDP or €1.9 billion. This is indicated by the final data of the National Statistical Institute. This is a significant narrowing of the budget deficit compared to the previous 3 years...
The assets of private pension funds have reached EUR 13 billion. According to data from the Financial Supervision Commission, they have increased by..
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