Public institutions
Financial institutions and regulators
Market institutions
Data and advisory
International programmes and credit lines
EU funds. The CAP Strategic Plan 2023–2027 has planned funding of EUR 7.73 billion in its February 2026 version, about US$8.96 billion at the end-August 2026 rate (own calculation), of which EUR 5.64 billion from the EU budget4849. The Commission approved the plan on 7 December 2022 and its fourth amendment on 27 February 202650. Planned financing of the Rural Development Programme 2014–2020 was EUR 3.77 billion in version 19 of the programme on the Commission's Cohesion Open Data platform (own calculation from the planned rows)51. The Agrarian Report 2025 gives a public budget of EUR 3,791.9 million under the 17th amendment52.
Development banks. World Bank operations with an agricultural or land purpose included an agricultural credit project approved in 1994, two sector adjustment loans of 1999 and 2001 and a registration and cadastre project closed in 200953. Among the dropped operations were those for irrigation restructuring, rural financial services and rural development, and the Projects API listed no Bulgarian operation approved after December 201853. The EBRD financed a grain warehouse receipts framework in 1999 and lent up to EUR 10 million to the agricultural lender Elana Agrocredit in 20235455. The EIB signed loans for grain and oilseed export terminals near Varna (EUR 14 million in 2018 and EUR 50 million in 2023) and for oilseed and meat processing363756.
| Programme / facility | Funder | Partner | Amount | Date | Focus |
|---|---|---|---|---|---|
| CAP Strategic Plan 2023–2027 | European Union (EAGF and EAFRD) and national budget | Ministry of Agriculture and Food, State Fund Agriculture | EUR 7.73 bn (EU EUR 5.64 bn, national EUR 2.09 bn) | Approved 7 Dec 2022, fourth amendment 27 Feb 2026 | Plan covering direct payments (EU EUR 4.12 billion), sectoral support and rural development, worth EUR 7.73 billion in the February 2026 version, about US$8.96 billion at the end-August 2026 rate (own calculation)4849. It redistributes 10% of direct payments to the first 30 ha of small and medium-sized farms and caps support at EUR 100,000 per farmer48. In March 2025 the ministry announced that insurance premium support of up to 70% would be financed as an intervention of the plan from 202557. |
| Rural Development Programme 2014–2020 (2014BG06RDNP001) | European Union (EAFRD) and national budget | Ministry of Agriculture and Food, State Fund Agriculture | EUR 3.77 bn planned (EU EUR 3.11 bn) | Programming period 2014–2020 | Planned financing in version 19 of the programme totals EUR 3.77 billion, of which EUR 1.27 billion for investments in physical assets (measure 4), as a sum of the planned rows (own calculation)51. Sub-measure 4.3 financed 24 irrigation rehabilitation projects of Irrigation Systems EAD14. |
| Agricultural Development Project (P008309) | World Bank (IBRD) | Government of Bulgaria | US$50.0 m | Approved 29 Jun 1994, closed 30 Jun 1998 | Credit financing to stabilise and increase agricultural production for domestic supply and export of primary and agro-processed products58. |
| Agriculture Sector Adjustment Loan (P057925) | World Bank (IBRD) | Government of Bulgaria | US$75.8 m | Approved 22 Jun 1999, closed 31 Jul 2000 | Supported reforms in agricultural trade policy, land restitution and privatisation59. |
| Agriculture Sector Adjustment Loan 2 (P057926) | World Bank (IBRD) | Government of Bulgaria | US$50.0 m | Approved 28 Jun 2001, closed 31 Jul 2002 | Continued the reforms begun under the first loan, with emphasis on the legal and institutional framework60. |
| Registration and Cadastre Project (P055021) | World Bank (IBRD) | Government of Bulgaria | US$30.0 m (project cost US$37.1 m) | Approved 21 Jun 2001, closed 1 Mar 2009 | Improved the coverage and accuracy of the cadastre and property registration systems to support secure tenure, including for agricultural investment61. |
| Grain Receipts Programme (EBRD 6312) | EBRD | Bulgarian commercial banks | DM 50 m (EUR 25.5 m) framework | Approved 6 Jul 1999, complete | Credit lines for banks to lend to farmers and processors against grain held in licensed warehouses, to finance seasonal working capital54. |
| RLF – Elana Agrocredit Loan (EBRD 54286) | EBRD | Elana Agrocredit AD | Up to EUR 10 m | Approved 21 Mar 2023, repaying | Senior loan to a non-bank lender founded in 2012 that leases agricultural land and lends working capital to farmers, to increase lending to farms affected by the war in Ukraine. Its portfolio was EUR 30.7 million in December 202255. |
| Oliva Grain Port Terminal (EIB 20210337) | EIB | Buildcom EOOD and Oliva AD | EUR 50 m (project cost EUR 100 m) | Signed 27 Jun 2023 | Port facility at Beloslav near Varna for storing, handling and exporting cereals, oilseeds, vegetable oils and meals, under InvestEU37. |
| Agria Grain Port Terminal (EIB 20170928) | EIB | Agria Group Holding AD | EUR 14 m (project cost EUR 29 m) | Signed 20 Dec 2018 | Port facility near Varna with an annual throughput of 1 million tonnes of grain, 160,000 tonnes of vegetable oils and 110,000 tonnes of sunflower meal36. |
| Agria Food Production Capacity (EIB 20230165) | EIB | Agria Group Holding AD | EUR 35 m (project cost EUR 75 m) | Signed 22 Dec 2023 | Oilseed processing plant for edible oil and railcars to carry oil to the port of Varna, under the InvestEU Sustainable Infrastructure Window62. |
| Boni Meat Production (EIB 20200180) | EIB | Boni Holding AD | EUR 30 m (project cost EUR 61 m) | Signed 11 Dec 2020 | Pig-rearing facilities, slaughterhouse refurbishment, a rendering plant, grain silos and solar panels63. |
| Food Industry Capacity Expansion (EIB 20160578) | EIB | Oliva AD | EUR 37 m proposed, EUR 37.2 m signed (project cost EUR 74 m) | Signed 18 Sep 2017 (EUR 31.0 m) and 29 Jul 2021 (EUR 6.2 m) | Sunflower crushing and oil extraction plant of up to 1,500 tonnes a day at Beloslav near Varna64. |
| Bulgaria Wholesale Markets (EBRD 6266) | EBRD (sovereign loan) | Republic of Bulgaria | US$10 m (EUR 9.57 m) | Approved 20 Jul 1999, complete | Loan for four agricultural wholesale and farmers' markets in Sofia, Sliven, Stara Zagora and Plovdiv65. |
| Operation | Financier | Approved / signed | Status (Oct 2026) | Amount |
|---|---|---|---|---|
| Agricultural Development Project (P008309) | World Bank (IBRD) | Approved Jun 1994 | Closed Jun 1998 | US$50.0 m58 |
| Domaine Boyar AD, wineries (4639) | EBRD | Approved Jun 1998 | Complete | US$19.0 m A-loan, US$9.5 m B-loan, US$2.0 m equity66 |
| Agriculture Sector Adjustment Loan (P057925) | World Bank (IBRD) | Approved Jun 1999 | Closed Jul 2000 | US$75.8 m59 |
| Grain Receipts Programme (6312) | EBRD | Approved Jul 1999 | Complete | DM 50 m (EUR 25.5 m) framework54 |
| Bulgaria Wholesale Markets (6266) | EBRD (sovereign) | Approved Jul 1999 | Complete | US$10.0 m65 |
| Agriculture Sector Adjustment Loan 2 (P057926) | World Bank (IBRD) | Approved Jun 2001 | Closed Jul 2002 | US$50.0 m60 |
| Registration and Cadastre Project (P055021) | World Bank (IBRD) | Approved Jun 2001 | Closed Mar 2009 | US$30.0 m61 |
| Bulgaria Irrigation Restructuring (P008311) | World Bank (IBRD) | Board date listed Oct 2001 | Dropped | US$25.0 m, not committed53 |
| Rural Financial Services Project (P074571) | World Bank (IBRD) | Board date listed May 2003 | Dropped | US$60.0 m, not committed53 |
| Rural Development Project (P083436) | World Bank (IBRD) | Board date listed Jan 2005 | Dropped | US$50.0 m, not committed53 |
| Belvedere, wineries and vineyards (35309) | EBRD | Approved Mar 2005 | Complete | Up to EUR 9 m (EUR 7 m debt, EUR 2 m equity)67 |
| Oliva, sunflower crushing (43860) | EBRD | Approved Sep 2012 | Complete | Up to EUR 8.0 m68 |
| Boni I, pig breeding and meat processing (45790) | EBRD | Approved Oct 2013 (disclosed May 2006, as printed on the EBRD page) | Complete | EUR 10.5 m69 |
| Food Industry Capacity Expansion, Oliva (20160578) | EIB | Signed Sep 2017 (EUR 31.0 m) and Jul 2021 (EUR 6.2 m) | Signed | EUR 37 m proposed, EUR 37.2 m signed64 |
| Agria Grain Port Terminal (20170928) | EIB | Signed Dec 2018 | Signed | EUR 14 m36 |
| Boni Meat Production (20200180) | EIB | Signed Dec 2020 | Signed | EUR 30 m63 |
| RLF – Elana Agrocredit Loan (54286) | EBRD | Approved Mar 2023 | Repaying | Up to EUR 10 m55 |
| Oliva Grain Port Terminal (20210337) | EIB | Signed Jun 2023 | Signed | EUR 50 m37 |
| Agria Food Production Capacity (20230165) | EIB | Signed Dec 2023 | Signed | EUR 35 m62 |
National programmes
Currency. Amounts for 2025 and earlier years are given in leva (BGN) as published. Bulgaria adopted the euro on 1 January 2026 at the fixed rate of BGN 1.95583 per euro, and amounts for 2026 are in euro20. State Fund Agriculture authorised BGN 1,845.8 million of direct payments in calendar 2024, about US$1.02 billion, and state aid in agriculture totalled BGN 976.6 million in 2024, about US$540 million, both converted at the 2024 average rate of BGN 1.8078 per US$ (own calculation)771.
| Programme / facility | Funder | Partner | Amount | Date | Focus |
|---|---|---|---|---|---|
| Direct payments and transitional national aid | European Union (EAGF) and national budget | State Fund Agriculture | BGN 1,845.8 m authorised in 2024, EUR 20.7 m transitional national aid for 2026 | Annual campaigns | SFA authorised BGN 1,845.8 million of direct payments in calendar 2024 for campaigns 2023 and 2024, about US$1.02 billion at the 2024 average rate (own calculation)771. For campaign 2026 the SFA board approved EUR 20.7 million of transitional national aid for cattle and for ewes and does, with the total by sector limited to 35% in 2026 under Article 147 of Regulation (EU) 2021/211572. |
| State aid and de minimis schemes in agriculture | National budget | Ministry of Agriculture and Food, State Fund Agriculture | BGN 976.6 m in 2024 (BGN 845.9 m through SFA) | Annual, 2024 data | State aid in agriculture totalled BGN 976.6 million in 2024, about US$540 million (own calculation), including BGN 653.1 million of liquidity aid under the EU Temporary Crisis and Transition Framework, BGN 14.2 million of de minimis aid and BGN 130.7 million of tax relief771. To July 2025 the SFA board had approved BGN 160.0 million for state aid and de minimis, of which BGN 113.7 million was used7. |
| SFA investment credit schemes | State Fund Agriculture (own resources) | Farmers, beekeepers, commercial banks for refinancing | BGN 90 m budgeted for 2025 | Investment credit scheme in force since 1 Apr 2010 | Three schemes in 2024 financed perennial crops and greenhouses, livestock farms and machinery, approved beekeeping projects and public-works projects under the Rural Development Programme. Rates were not below 5.91% for direct lending and up to 7% for bank refinancing in 2024, with terms of 12 to 114 months7. The credit scheme for investments in agriculture has been in force since 1 April 201073. The beekeeping scheme lent BGN 0.58 million on 94 loans in 20247. |
| NGF guarantee scheme for agriculture (НГФ ПРСР 2026) | National Guarantee Fund | Ministry of Agriculture and Food, partner banks | EUR 200 m guarantee limit | Loans included until 31 Dec 2029, open to new partner banks in Oct 2026 | Portfolio guarantees of up to 80% of investment and working-capital loans to SMEs in agriculture, forestry and fisheries and rural enterprises, up to EUR 1.5 million per borrower, for a fee of 0.65% a year3074. Since 2013 the NGF's mandated programme with the ministry had guaranteed loans of over BGN 566 million to 1,200 companies by October 202529. Its first agricultural scheme, for RDP 2007–2013 investment projects, ran from early 2013 to November 2015 with guarantees of up to 80% and BGN 3 million75. |
| BDB on-lending programme for farmers' credit cooperatives | Bulgarian Development Bank | Mutual-aid credit cooperatives of private farmers | Up to BGN 15 m starting budget | Conditions published by BDB, undated | Loans of up to BGN 3 million and up to 10 years to registered farmers' credit cooperatives for on-lending to their members, at 6-month EURIBOR plus 2.5 percentage points25. |
| Irrigation infrastructure rehabilitation | EAFRD (75%) and national budget (25%) | Irrigation Systems EAD, State Fund Agriculture | Over BGN 112.3 m (24 contracts) | Contracts signed Nov 2023, completion of works on all 24 sites reported in the Agrarian Report 2025 (Dec 2025) | Grants at 100% aid intensity under RDP sub-measure 4.3 to restore main canals, siphons and pumping stations, with five branches completed by September 20241476. The Agrarian Report 2025 states that construction works on all 24 sites were completed77. The company plans works on 41 further facilities under the CAP Strategic Plan76. |
| Agricultural insurance premium support | National budget, then CAP Strategic Plan | State Fund Agriculture, insurers | BGN 3.03 m paid in 2024 (state aid) | State aid scheme to 2024, CSP intervention from 2025 | The state aid scheme co-financed insurance premiums for 678 beneficiaries in 20247. In March 2025 the ministry announced that from 2025 the CAP Strategic Plan would finance up to 70% of premiums against frost, storm, hail, icing, torrential rain and severe drought57. |
Sources cited on this page
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- Boni Meat Production (20200180), project page — European Investment Bank (EIB)verified
- Food Industry Capacity Expansion (20160578), project page — European Investment Bank (EIB)verified
- Bulgaria Wholesale Markets (project 6266), PSD — European Bank for Reconstruction and Development (EBRD)verified
- Domaine Boyar AD (project 4639), PSD — European Bank for Reconstruction and Development (EBRD)verified
- Belvedere (project 35309), PSD — European Bank for Reconstruction and Development (EBRD)verified
- Oliva (project 43860), PSD — European Bank for Reconstruction and Development (EBRD)verified
- Boni I (project 45790), PSD — European Bank for Reconstruction and Development (EBRD)verified
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- За земеделски производители – Гаранционна схема в партньорство с МЗХ, ПРСР 2026 (guarantee scheme for agricultural producers) — National Guarantee Fund (NGF)verified
- Гаранции по проекти в сектор Земеделие (closed guarantee scheme for agricultural projects) — National Guarantee Fund (NGF)verified
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- Annual report on the state and development of agriculture (Agrarian Report 2025), covering 2024, Reg. No. 93-З-939 of 8 December 2025 (PDF, in Bulgarian) — Ministry of Agriculture and Food of Bulgariaverified
For more information and suggestions, please contact serkan.veziroglu@prosperaimpact.com.