The Future of Construction in Bulgaria to 2015: EU Funds and FDI to Fuel Growth23 Sep 2011 • by Natalie Aster
Bulgaria, situated in Southeast Europe, is an industrialized free market and upper income country as specified by the World Bank. In 2010, the services sector accounted for 64.6% of the county’s GDP, followed by industries, comprising 30.1% and agriculture, accounting for 5.3%. Bulgaria recorded an average annual growth rate of 6% during 2004–2008 following economic reforms since the 1990s, which saw the country, begin its transition from a socialist to a capitalist economy.
The global economic crisis, which originated in the US in 2008, led to a contraction of 4.9% in the country’s GDP in 2009. However, the exports market recovered marginally in 2010 with GDP recording a growth of 0.2%. In 2007, Bulgaria joined the European Union (EU), which is expected to stimulate further industry growth and activity due to an influx of funds from the European Commission, alongside investments from Western European companies owing to the growth potential of the country’s various construction markets.
Infrastructure construction was the largest market in 2010, representing a share of 36.9%. Moreover the market was the fastest growing over the review period, with a CAGR of 18.84%. This was followed by institutional construction with a CAGR of 15.10%.
Figure 1: Bulgarian Infrastructure Construction Market
Dynamics By Category (%), 2006-2015
Note: Bubble size represents 2010 Category Value (BYR million)
Source: ICD Research Analysis / © ICD Research
The report “The Future of Construction in Bulgaria to 2015: EU Funds and FDI to Fuel Growth” by iCD Research analyses historic and forecast construction industry values at market and category level, the leading companies in the industry, and provides key news, a top-level overview and detailed market, category and company-specific insights into the operating environment for construction contractors.
Published: September, 2011
Price: US$ 1,250.00
The report is an essential tool for companies active across the Bulgarian construction value chain and for new competitors considering entering the industry. The report allows to:
- Identify key growth and investment opportunities within the Bulgarian construction industry;
- Make informed business decisions based on strong historic and forecast data.
- Key growth and investment opportunities within the Bulgarian construction industry;
- Major companies operating within the Bulgarian construction industry using the report’s detailed business descriptions, SWOT analysis, news and key personnel information;
- Foreign direct investment in Bulgarian industry;
- Government infrastructure plans.
More information can be found in the report “The Future of Construction in Bulgaria to 2015: EU Funds and FDI to Fuel Growth” by iCD Research.
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