site.btaAgriculture Sector Has Long Been in Eurozone, Transition Will Be Even Easier, Says Minister Tahov

Agriculture and Food Minister Georgi Tahov pointed out that with Bulgaria's entry into the eurozone, Bulgarian producers will have easier access to European markets, lower trading costs, and greater trust from foreign partners. This will mean more investment, new opportunities for processing, and modernization of farms, added the Minister, who opened an informational meeting and discussion on Wednesday at the Astoria Grand Hotel in Sofia.

The Agriculture Minister described Bulgaria's entry into the eurozone as a historic opportunity for the country and the most significant economic and political event of the last decade. This is a step that not only establishes Bulgaria as a place in the heart of Europe, but also opens up new horizons for its entire economy, including agriculture, he said.

However, according to him, every change raises questions and sometimes unfounded fears. "This is where our role as a State comes in, to ensure predictability and stability for both producers and processors," said Tahov.

He stated that the agriculture sector has long been in the eurozone - all payments under the Common Agricultural Policy (CAP) have been made in euro since Bulgaria's accession to the European Union (EU). Therefore, the transition will be even easier, as there will be no need for currency conversion, which will facilitate administration and reduce transaction costs. 

He added that all procedures for amending the legislative acts are currently being brought into line with the Introduction of the Euro in the Republic of Bulgaria Act and the national plan for the introduction of the euro.

The revaluation and adoption of updated tariffs and fees collected by the Ministry of Agriculture and Food is underway, including in the areas of agriculture, forestry, fisheries, veterinary activities, and the activities of the Executive Agency for Vine and Wine.