BULGARIAS FINANCIAL MARKETS IN AGRIBUSINESS SIZE, STRUCTURE AND DEVELOPMENT TRENDS
Authors
Keywords
public funds, corporate finance, banks, own sources
Summary
The aim of the study is to establish the size, structure and financing trends of Bulgarias agribusiness. Improving the liquidity and turnover of short-term assets of farms is a goal of paramount importance because it also improves profitability. This necessitates diversification of the sources and instruments to finance the operating capital, such as credits, leasing, factoring, forfeiting, etc. At micro- and macro-level, the provision of information for financial management purposes should be improved to facilitate the access to public and corporate financial markets of short-term and long-term funds for the agribusiness. Public financial markets in Bulgarias agribusiness grew steadily from over BGN 1 billion/year during the first reference period of the common agricultural policy of the EU (20072013) to BGN 4 billion/year at the end of the 20142020 period. They also played an important role in generating reciprocal company financing of over BGN 3 billion/year of over BGN 7 billion/year of all financing in the sector. Structurally, short-term financing accounts for more than 2/3 to 3/4 of all financing.
Pages: 14
Price: 2 Points
