Newly released market study: Bulgaria Infrastructure Report Q4 2015

From: Fast Market Research, Inc.
Published: Fri Sep 18 2015

We maintain our view that Bulgaria's construction industry will growth by 1.3% and 1.4% in 2015 and 2016, respectively, supported by the transport infrastructure sector, particularly projects in the road and railway subsectors. Although Bulgaria will continue to be highly dependent on EU funding for infrastructure development , we have started to note increased international interest in this market.

Key Trends And Developments

Driven by transport infrastructure projects, we forecast Bulgaria's construction industry to growth by an average of 2.1% between 2016-2020. However, infrastructure projects will continue to face challenges in securing financing.

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.

Improved absorption of EU structural funding will help with public investment projects to a certain extent, but will not be sufficient to bring about a broad-based recovery in gross fixed capital formation growth in Bulgaria.

Full Report Details at

Growth in Bulgaria's energy and utilities sector has been subdued due to fiscal constraints and a lack of consistent foreign competition and skills. The sector faces a slow path to recovery, particularly now that construction of the South Stream pipeline has been cancelled.

We do not expect investment in renewable energy infrastructure to increase in the coming years given that the Bulgarian government decided to terminate incentives for new renewable energy capacity in March 2015.

The outlook for the residential sector is not positive. The housing market remains extremely weak following a collapse in prices since 2008, and the high levels of indebtedness will act as a headwind to future investment.

The Bulgaria Infrastructure Report features BMI Research'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

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