New Report Available: Bulgaria Infrastructure Report Q1 2015

From: Fast Market Research, Inc.
Published: Thu Dec 25 2014

We currently forecast 1.7% real growth in Bulgaria's construction industry in 2015, following a moderate recovery in 2014, estimated at 0.6% real growth. Our view is supported by strong demand for infrastructure projects, EU financial support, and low base effects following an industry contraction of five consecutive years (2009-2013).

Key Trends And Developments

* Driven by transport and energy infrastructure projects, we forecast Bulgaria's construction industry to growth by an average of 2.6% between 2016 and 2019. However, infrastructure projects will continue to face strong headwinds due to the lack of investor confidence and endemic corruption.
* In terms of macroeconomic fundamentals, we expect the unemployment rate to decline in line with faster growth in 2014, presenting un upside risk for the residential construction sector.
* Bulgaria remains highly dependent on EU funding for infrastructure projects, particularly in the transport sector. As such, slow EU recovery will limit the speed of Bulgaria's transport infrastructure growth.
* Growth in Bulgaria's energy and utilities sector has been subdued due to increased fiscal constraints and a lack of consistent foreign competition and skills. The sector faces a slow path to recovery, but we believe the worst is over.
* In the gas sector, Bulgaria is involved in Russia's South Stream pipeline. However, following the crisis in Ukraine and EU sanctions on Russia, construction of South Stream has been halted until it complies with European law, as stated by Bulgarian Prime Minister Plamen Oresharski in June 2014.

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

* Benchmark BMI's independent infrastructure industry forecasts for Bulgaria to test other views - a key input for successful budgetary and planning in the Bulgarian infrastructure market.
* Target business opportunities and risks in the Bulgarian infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Bulgaria.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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