Bulgarian agriculture poised to compete in world market
February 01, 2001
by Emily Wilson
With the privatization process in Bulgaria now complete, the country's agricultural sector is in a good position to respond to world market prices for the major commodities, according to a recent review by the Paris-based Office of Economic Development. The agency's findings were announced in Sofia in January.
"Bulgaria is in the process of implementing reforms which should facilitate the adjustment in agriculture and rural areas to the internal European market," the report said. "An open trade policy makes Bulgaria well placed to improve efficiency and competitiveness of its agro-food sector."
Bulgaria would benefit from increased investment in its general infrastructure, market infrastructure and human capital, the report said. The large over-capacity in the food-processing sector together with the low level of efficiency and low investment also is of increasing concern, the OECD said.