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Financial Performance of Bulgaria's Agricultural Sector - National and Regional Dimensions

Author

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  • Damyan Kirechev

    (University of Economics - Varna, Varna, Bulgaria)

Abstract

With the accession of Bulgaria to the European Union, restructuring and transformation processes have started in agriculture, which have affected the financial performance of agricultural holdings. This paper analyses the financial performance of Bulgarian agricultural enterprises in the period 2007-2020, based on data from the Farm Accountancy Data Network (FADN). A regional analysis is performed to identify territorial disparities in the development of agricultural holdings. Liquidity, asset turnover, indebtedness and profitability indicators are used for the assessment. The assessment of financial performance is based on balance sheet dependency models. The financial performance of the Bulgarian agribusiness sector is stable, but the dynamics of external processes and crises can have a significant impact in the long term.

Suggested Citation

  • Damyan Kirechev, 2022. "Financial Performance of Bulgaria's Agricultural Sector - National and Regional Dimensions," Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, Union of Scientists - Varna, Economic Sciences Section, vol. 11(3), pages 14-32, December.
    • Handle: RePEc:vra:journl:v:11:y:2022:i:3:p:14-32
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    File URL: http://su-varna.org/journal/IJUSV-ESS/2022.11.3/14-32.pdf
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    More about this item

    Keywords

    financial situation; financial sustainability; farms; liquidity; asset turnover; indebtedness; profitability.;
    All these keywords.

    JEL classification:

    • Q12 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Micro Analysis of Farm Firms, Farm Households, and Farm Input Markets
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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