Rising Costs: Bulgarian Agricultural Land Prices Increase by 27.9%
The price of agricultural land in Bulgaria continues to rise
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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