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.
In view of the country's declining population, the Fiscal Council recommends that the government take savings measures in the 2026 state budget. The measures include: reducing the municipal administration by merging municipalities;..
No disruptions or price increases are expected on Bulgaria’s fuel market following the US sanctions imposed on Russian oil companies Rosneft and Lukoil, Bulgarian Petroleum and Gas Association Chairman Svetoslav Benchev told BTA. "For now, I..
The annual growth of Bulgaria's gross domestic product will remain above 3% in the period 2025-2027 , according to a report by commercial credit insurer Allianz Trade, BTA reports. According to Allianz this means that the Bulgarian economy will become..
Cloudy
Rain
Scattered showers