Bulgaria Retail Report Q4 2015: New research report available at Fast Market Research

From: Fast Market Research, Inc.
Published: Fri Oct 30 2015

Bulgaria, the poorest country in the EU, will see its economy grow slowly throughout the forecast period. The country will lag to catch up with other members of the economic bloc and is unlikely to move out of the category of the least developed countries in the EU. However, despite lagging growth of household income and spending, the retail sector will expand and diversify.

Retailers in Bulgaria are projected to face limited growth opportunities during 2015-2019. No political decisions have been taken and economic reforms implemented which would provide optimism about rapid economic growth in Bulgaria throughout the forecast period. Real GDP will grow apathetically by 1.0% this year and the rate will not accelerate to above 2.0% until 2019. The Balkan country has a shaky financial system influenced by risky Greek banks and past bankruptcies, including the default of Corporate Commercial Bank in 2014. Even though Bulgaria's public debt is the second smallest in the EU (27.6% of GDP in 2014; only Estonia has a lower rate), the country is struggling to balance its budget. The parliament was seeking to approve the issue of EUR8bn worth of bonds over the next three years. Fitch approved new Issuer Default Ratings for Bulgaria in June 2015 assessing its long-term foreign currency debt with BBB- and local currency debt with BBB with a stable outlook. Such ratings may prevent the country from borrowing cheaply in the next five years and burden fiscal consolidation. As a result, Bulgaria retains a conservative economic growth outlook.

Full Report Details at
- http://www.fastmr.com/prod/1062431_bulgaria_retail_report_q4.aspx?afid=301

The Bulgaria Retail Report has been researched at source and features BMI Research's independent assessment and forecasts for the retail sector. The report examines key drivers of retail sales growth and future prospects, including consumer spending and private sector investment.

BMI's Bulgaria Retail Report also examines the level of development and potential for growth of the retail sector, the commercial initiatives of major players, changing consumer demographics that influence demand and the regulatory environment. Key sub-sectors include mass grocery retail, autos, over-the-counter pharmaceuticals, computers and consumer electronics.

Key Benefits

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


BMI Industry View

Summary of BMI’s key forecasts and industry analysis, plus a discussion of major industry developments and a snapshot of key short-term demand-driving macroeconomic movements.

Industry SWOT Analysis

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Contact Name: Bill Thompson
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