The total output at basic prices from the agriculture sector in 2024 amounts to €4,970.1 million, which is 7.9% less compared to the previous year.
This decline is due to two main factors: a 3.2% decrease in the quantity of agricultural products produced and a 4.9% drop in the prices farmers receive for their products. This is according to an assessment by the National Statistical Institute (NSI) of the economic accounts for agriculture in 2024.
In addition, the value of inputs used in agriculture, such as seeds, fertilisers and machinery, has also fallen. Specifically, the volume of agricultural inputs used fell by 7.6% and the prices of these agricultural inputs fell by 3.0% compared to the previous year.
In 2024, net entrepreneurial income in agriculture reached 492.9 million euro, which is 1.1% lower than in 2023.
Bulgaria’s accession to the eurozone will reduce transaction costs with key trade and investment partners, according to the annual U.S. State Department report on the investment climate in the country, reported BGNES. The report emphasizes that..
Less than 100 days remain until Bulgaria joins the eurozone, and this is another reason to talk about the incomes of people in Bulgaria, about the Bulgarian economy, about foreign investments and about the domestic labour market which reacts the..
At the end of September, with a little over three months to go until the Rubicon in Bulgarian public finance - 1 January, 2026, when the country will officially leave the currency board and adopt the single European currency, the euro – issues..
Cloudy
Rain
Scattered showers