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Price of Agricultural Land in Bulgaria Increases by 19 Percent
On 11th November 2008, the third annual conference entitled Investments in Agricultural Land was held in Sofia. The topics covered included the strategy for land consolidation, mechanisms for EU subsides and, quite importantly, the market in Bulgaria under the conditions of a global financial crisis.
The conference was opened by the Minister of Agriculture and Food Supplies, Valeri Tsvetanov. He announced an average price increase for agricultural land of 19% for 2007 according to the statistics of the Ministry. The increasing interest is due to several reasons. First of all, compared to the other Central and Western European countries, the prices are several times lower. It is also very important to note that 80% of the agricultural land in the country is ecologically clean, thus suitable for such production (compared to 20% in the UK).
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