New Report Available: Bulgaria Infrastructure Report Q3 2014

From: Fast Market Research, Inc.
Published: Tue Jun 24 2014

We currently forecast 1.3% real growth in Bulgaria's construction industry for 2014, a return to positive growth after five consecutive years of contraction. The industry's recession, which started in 2009 and saw the sector register a contraction of 17.9% in 2010, continued throughout 2013, with newly released official data reporting -1% real growth for the year. However, we believe the worst is now over and expect that the transport infrastructure sector will perform well over 2014, mostly driven by road projects.

Key Trends And Developments

* Foreign Minister Kristian Vigenin has expressed the government's support for the construction of the Bulgarian section of the South Stream pipeline, which would transport natural gas from Russia into Eastern Europe. With tensions between Moscow and Brussels high and energy dependence on Russia a key concern, Bulgaria's endorsement of South Stream could further complicate relations with its EU peers. Stalled integration with the EU could see Russian influence in Bulgaria rise, if tensions between Europe and Russia rise over the coming years.
* Additional sections of the Struma motorway development project secured EUR274mn (USD359.48mn) in financial assistance from the European Commission. Work comprises the construction of a dual carriageway between Dolna Dikanya and Blagoevgrad, and from Sandanski to the border crossing with Greece at Kulata. The three sections - lots 1, 2 and 4 - cover 68.5km and are scheduled to be completed by the end of 2015. Work is also due to include preparation for the construction of the Blagoevgrad-Sandanski section (lot 3), entailing tunnels bypassing the Kresna gorge.
* However, infrastructure projects in Bulgaria continue to face strong headwinds due to the lack of investor confidence and endemic corruption. We only forecast positive growth to return to the construction industry in 2014 with 1.3% real growth, after five years of recession.
* Elevated unemployment reinforces...

Full Report Details at

The Bulgaria Infrastructure Report features Business Monitor International (BMI)'s market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Bulgaria Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Bulgarian infrastructure and construction industry.

Key Benefits

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