Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgarian agriculture has untapped potential

Photo: picture library

Ten years after Bulgaria’s accession to the European Union and the implementation of the Common Agricultural Policy (CAP), the agricultural output of the country does not correspond to its natural potential, experts contend. The conditions for doing agricultural business in Bulgaria have changed radically. The main driving force of these changes is EU’s CAP and the financial support from the state in the format of national co-financing.

In the recent years though the European Union has been faced with one of its toughest challenges – a two-gear Europe. The continent is not homogeneous in either economic or social terms and the collective solutions entail bureaucratic setbacks. And while for the old members environmental concerns are on top of the agenda, for Bulgaria incomes and growth in agriculture arevital. This implies a big stake – how and to what extent the future CAP will be able to agree these two doctrines.

In figures from national statistics for the first seven years of EU membership /2007-2013/,3.5 billion euro has entered Bulgarian agriculture in the form of various subsidies. The analysis of EU funds’ absorption suggests that most of funding lands with large producers – more than 80 percent of direct payments. And in practice small farmers need much more support.

So far in the context of CAP implementation the Bulgarian agricultural output fails to correspond to its natural potential. As a result Bulgaria sees growing agricultural imports and as much as 70 percent of agricultural produce on the market is foreign.

One of the major challenges that this country is faced with is the effective absorption of EU funds, experts recall. They argue that the volume of absorbed financing is important, but even more important is its long-term impact on Bulgarian agriculture and the development of the country’s regions.

Compiled by Atanas Tsenov

English Daniela Konstantinova




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 will request a new report from the European Commission on its readiness to join the euro

Bulgaria is making the necessary progress towards adopting the euro, according to representatives of the European institutions whom Finance Minister Temenuzhka Petkova met with. This progress will allow Bulgaria to request extraordinary convergence..

published on 1/21/25 8:46 AM

Employers present their views on improving the business environment in Bulgaria

Financial and tax stability has been shaken in recent years so it is good that a government has been formed, said Vasil Velev, chairman of the Bulgarian Association of Industrial Capital, at a joint press conference of employers.  "Romania was..

published on 1/20/25 1:54 PM
The Belene NPP site

The Ukrainian parliament greenlights the purchase of two Russian nuclear reactors from Bulgaria

The Ukrainian parliament has authorized the purchase of two Russian nuclear reactors from Bulgaria, Euractiv reports. The energy committee of the Ukrainian parliament greenlighted the purchase of two old Russian nuclear reactors to expand the..

published on 1/17/25 10:44 AM