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

Damyan Kirechev ()

Izvestia Journal of the Union of Scientists - Varna. Economic Sciences Series, 2022, vol. 11, issue 3, 14-32

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.

Keywords: financial situation; financial sustainability; farms; liquidity; asset turnover; indebtedness; profitability. (search for similar items in EconPapers)
JEL-codes: Q12 Q14 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:vra:journl:v:11:y:2022:i:3:p:14-32

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