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Agriculture: in Romania cheapest arable land in the EU

Bulgaria among the least expensive, Eurostat said

22 March, 10:43
(ANSA) - BELGRADE - Arable land in 2016 was the cheapest in Romania, with a hectare costing 1,958 euro in average, the European Union statistical office Eurostat said today. The average cost for a hectare in Romania decreased from 2,039 euro in 2015. The Netherlands, on the opposite, recorded the most expensive purchase price per hectare in average, with over 63,000 euro.

On the basis of available data on regional level, a hectare of arable land costs least in the Bulgarian region of Yugozapaden (1,165 euro on average), the most expensive on average in the Italian region of Liguria (108,000 euro per hectare).

In relation to renting one hectare of agricultural land, the cheapest average in 2016 was recorded in Latvia (46 euro on avergage), the most expensive in the Netherlands (791 euro on average for the year).

Eurostat noted that the strongest growth in prices of arable land between 2011 and 2016 was registered in the Czech Republic, Lithuania, Estonia, Latvia and Hungary. (ANSA).

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