How will land prices in the EU change with the adoption of the euro?

How the price of agricultural land has moved in the member states of the European Union that have adopted the euro was explained by Assoc. Prof. Stefan Asenov from the Institute of Agricultural Economics during an online seminar of the National Agricultural Advisory Service. Read more: Black soil at the price of gold: Why is land in Dobrudja the most expensive? He recalled that currently the euro is the official currency in 20 EU countries, but it is also used in a number of countries that are not members of the Union, such as Andorra, Kosovo, Montenegro, Monaco, San Marino, and Vatican City. "Today, about 20% of the world's currency reserves are in euros," noted Asenov. Despite the scarce information in Eurostat, he managed to gather information for 10 countries – Belgium, Spain, France, Germany, Ireland, the Netherlands, Finland, Estonia, Latvia, and Lithuania, tracking the period from the adoption of the euro to seven years thereafter. At the beginning of this period, the ...