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

Sunshine and snow on the peaks on Friday

Clouds will break over the western half of the country overnigh t, becoming mostly clear, while rain will continue to fall over the east. Friday will be mostly sunny. There will be light winds, mainly from the north. Minimum temperatures will be between..

published on 4/25/24 7:05 PM

Prime Minister: 'We are exploring options for the release of the Bulgarian sailors from the Galaxy Leader'. 

Prime Minister Dimitar Glavchev and Deputy Foreign Minister Ivan Kondov met at the Council of Ministers with relatives of the Bulgarian sailors on board the hijacked ship Galaxy Leader, where Glavchev assured that efforts to secure their release were..

published on 4/25/24 6:35 PM

Electricity market liberalization delayed with one year

The Bulgarian Parliament has finally postponed the liberalisation of the energy market for one year, starting from 1 July. The decision was taken with 152 votes in favour - of GERB-CDS, MRF, Vazrazhdane, "BSP for Bulgaria" and ITN. 35 PP-DB MPs..

published on 4/25/24 5:00 PM