Rising Costs: Bulgarian Agricultural Land Prices Increase by 27.9%
The price of agricultural land in Bulgaria continues to rise
Bulgarian Government to Launch State Land Office
Business | September 11, 2013, Wednesday // 16:39
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The cabinet of Bulgarian PM Plamen Oresharski has reintroduced the idea to open an agency managing the distribution, usage and cultivation of state owned land.
The government's project to form a new institution to operate land purchases, sales and leases, aims to enhance the state lands' effective usage and cultivation, the Bulgarian newspaper Kapital daily reported.
At the moment 40% of state-owned lands in Bulgaria are rented, 10% are granted to academic institutions, while the rest 50% stay desolate and unused.
The idea for a state structure to manage state lands has been launched for the first time during the term of former PM Simeon Saxe-Coburg, 2001-2005.
Later on, the liberal Movement for Rights and Freedoms and the Bulgarian Socialists Party, who elected the current Oresharski cabinet re-launched the project.
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