INSTITUTIONAL SUPPORT AND LAW REGULATOIN OF WHEAT PRODUCTION IN BULGARIA

The Common Agricultural Policy (CAP) is the link between agriculture and society, between Europe and its farmers. The CAP is based on three fundamental principles: free trade within the Community based on common prices, preferences for European production on Community markets, and common financial responsibility. Agricultural production constitutes a significant part of Bulgarian exports, with cereals accounting for a high share of around 77% of total exports. The main cereal crop in Bulgaria is wheat. The aim of the report is to examine the main forms of subsidizing grain production in Bulgaria and legislation.