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01.04.2009 Agricultural Land Deals in Bulgaria Up by 7 Percent in 2008, 31.03.2009

The agricultural land market in Bulgaria in 2008 was quite dynamic with 134,000 deals concluded for 1,374 million decares of land which is respectively 7 percent and 19 percent more compared to 2007. This is what the Deputy Minister of Agriculture and Food Svetla Bachvarova said at a conference while presenting a research of the state and development trends on the agricultural market in the country for 2007-2008.

The land sold for agricultural production amounts to 1,286 million decares as the increase compared to 2007 is 21.2 percent.

The research shows that in 2008 the average price of land intended for development of agricultural production was 312 BGN per decare which is 32.8% more than in 2007.

The trend for great price differences in the various regions around the country is kept. The lowest prices are to be found in Lovech and Pernik areas (respectively 201 BGN and 140 BGN per decare) and the highest are in the Dobrich area (546 BGN per decare).

For a second year in a row in 2008 the biggest number of land deals were concluded in the northern central area of the country 37,856 deals for 360,903 decares.

2008 witnessed a decrease in the renting of agricultural land, the research shows. This is due to the fact that in 2008 and 2007 a great part of the tenant farmers and agricultural co-ops signed long-term contracts with the land owners for over 4 years.

The arable land around the country amounts to about 29 million decares and the common pastures and grazing grounds are about 4-5 million decares. There are 2 million land owners in Bulgaria who own 20 million plots of land, the Deputy Minister added.

According to her there shouldnt be an increase in agricultural land prices in 2009 but a slight decrease in some areas where the prices are too high.

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The First "Bile Fest" - Herbs Dedicated Festival Will Be Held on the St. Anastasia Island in Bourgas


The island of Saint Anastasia will welcome guests with folk rituals for health and fertility in the first edition of the "Bile Fest", a heraldic festival, announced Burgas Municipality.

More than 50 participants will take part in the event with herbs and healthy foods, curative extracts and ointments, and will show the authentic ways of preparing them.

The accompanyin... read more

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Welcome to our new office in Burgas!


Following a strategy for presence with our own offices in all major cities and resorts in Bulgaria, we are most pleased to announce that we have opened a new office in the coastal city of Burgas!

It is located in a modern office building in Lazur area with address:

5, Adam Mitskevitch Str., etrance B, fl. 2, office 2
Burgas Office on the map
Tel: +359 56... read more

Varna Highlights Walk - free walking tours of Varna (in english) - 2019


Are you curious to learn more about the Sea Capital of Bulgaria?

In appreciation to all visitors of Varna, Varna Municipality, in cooperation with the Union of Bulgarian Tourist Guides, is organizing a free walking tour in English, 4 days a week!

Varna Highlights Walks are led by professionally licensed guides who are excited to share with you the city's history, loca... read more

NSI: Household Income Grows By 7.3% in 2018


The annual total income average per capita is 6 013 BGN in 2018 and increases by 7.6% compared to 2017. The total income average per household member increases 1.6 times during the 2009 - 2018 period.

The following more important changes with respect to the sources of total average inc... read more