Overview and Prospectives for the Development of the Dairy Industry in Bulgaria


Institute of Agricultural Economics, BG-1605 Sofia, Bulgaria


SIMOVA, A., 1999. Overview and prospectives for the development of the dairy industry in Bulgaria. Bulg. J. Agric. Sci., 5: 811-816

This paper compares the performance of the dairy industry in Bulgaria using the ratio analysis. All the standard financial ratios with the exception of liquidity ratios show a worsening dynamics during the period under consideration. The small values of Herfindahl-Hirschman Index indicate that there is a high level of competition in the market.

Key words: Herfindahl-Hirshman Index, Return on Sales, Return on Equity, Liquidity Ratios, Debt to Equity