The establishment of Bulgarian agricultural entrepreneurship in the framework of the European market, as well as the compliance with the strict requirements for both agricultural producers and manufacturers, necessitates certain changes in agricultural policy and the support of entrepreneurship on the branch, regional and national level. Entrepreneurship decision-making in agriculture is influenced by outside changes. Entrepreneurs do not generate these changes, but rather react to them. The aim of this paper is to analyze the impact of institutional changes facilitating the realization of the Common Agricultural Policy on the development of agricultural entrepreneurship in Bulgaria. The following tasks are to be carried out for achieving the above objective such as analyzing the state of agricultural entrepreneurship in Bulgaria; determining the impact of the institutions on agricultural entrepreneurship as a result of the application of the Common Agricultural Policy. The aim and tasks are to be completed by means of the following methods: induction and deduction, analysis and synthesis, systematic and historical approach, statistic analysis. As a result of the research, the study identifies the entrepreneurship’s element in agriculture and outlines salient tendencies for its development.