Bulgarian agriculture has seen a good first quarter to the year of 2011. Mel Invest Holding is a Bulgarian investment company, focusing on agriculture in the country. They and FairPlay Agricultural Fund have recorded a significant improvement in their results compared to quarter one of last year, according to their financial reports.

 

2010 first quarter saw a loss of 865,000 leva for FairPlay, compared to this year, a profit of 259,000. They have also increased their revenue to 2.23 million leva, and half of this has come from sales.

FairPlay Agricultural Fund is owned by FairPlay International. Their main focus is on land purchased in north-west Bulgaria, as well as the manufacture and sale of agricultural production.

Bulgaria is in the top eight EU states for growth in the average agricultural income. 2010 saw the average income from Bulgaria’s agriculture grow by 23%, surpassing other EU members such as Spain, Germany, Greece, Portugal and the UK.

The ministry has also requested permission from the European Commission, to allow changes to the programme, in order to see benefits within the animal breeding sector.

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