Infl uence of the common agricultural policy on Bulgarian agriculture

Borisov, P., Kolaj, R., Yancheva, C., & Yancheva, S. (2019). Infl uence of the common agricultural policy on Bulgarian agriculture. Bulgarian Journal of Agricultural Science, 25(3), 439–447 The purpose of the article is to identify the changes of agricultural sector resulting from the application of the CAP. In the study is used an approach based on PEST-analysis as a tool for identifying changes in the environment in which the agriculture is developing. The basic source of data for the analysis is the database collected by Food and Agriculture Organization (FAO). Accession to the EU has made a positive impact on the development of Bulgarian agriculture. There is growth in gross value added generated in the sector, labor productivity and investment. Data analysis shows a real boost of trade with agricultural goods. During the examined period the investments in the sector grow four times. Their share in the total investment in the economy of the country grows from 2.6% to 8.9%. Investment costs are incurred for modernization of farms, for environmental protection, upgrading of equipment and for incorporating new technology, training, and acquisition of key competencies for farm management.